Cambodia’s General Department of Taxation (GDT) made e-commerce value-added tax (VAT) income of $20.9 million from the operations of electronic goods and services in the first quarter of 2023, a GDT report said on Monday. The Southeast Asian country began to collect a VAT of 10 percent on e-commerce transactions from companies such as Google, […]
Read MoreThe China Printed Circuit Association (CPCA) aims to make Thailand its new electronic equipment manufacturing base in a move to avoid the impact of the China-US trade war and geopolitical conflicts, says the Board of Investment (BoI). “China is seeking new investment and production destinations, following worries over the trade war and increasing tension between China […]
Read MoreECONOMIC managers on Monday decided to maintain existing growth targets but adjusted other assumptions for this year up to 2028 following a review of the government’s priorities and developments here and abroad. The gross domestic growth (GDP) goals for 2023 and 2024-2028 were kept at 6.0-7.0 percent and 6.5-8.0 percent, respectively, but that for this […]
Read MoreThe Asian Development Bank last year committed support to Cambodia in several important sectors, including coastal, marine fisheries, power and livestock value chain. Last year, ADB committed $6 billion in financing for Southeast Asia, including $5 billion for sovereign operations and $1 billion in nonsovereign investments, the bank said in its Annual Report 2022. “We […]
Read MoreThailand’s economy is still seen growing at 3.6% this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year. Bank of Thailand Governor Sethaput Suthiwartnarueput told reporters exports are seen down 7.1% year-on-year in the first half of 2023, before rising 4.2% in the second […]
Read MoreThough the global financial market has seen uncertainties this year, Việt Nam’s currency and foreign exchange markets have remained stable. HÀ NỘI — Though the global financial market has seen uncertainties this year, Việt Nam’s currency and foreign exchange markets have remained stable. According to the Singapore-based United Overseas Bank (UOB), the Vietnamese đồng is one of the most stable […]
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