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Indonesia: Inflation returns to BI’s target range in May

JAKARTA: Indonesia’s annual inflation rate eased to 4% in May, matching the upper end of the central bank’s target range earlier than expected, according to data from the statistics bureau. Inflation in South-East Asia’s largest economy had been above Bank Indonesia’s (BI) 2% to 4% target range since June 2022 due to pressures from rising […]

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Thailand: Data exchange to fight tax evasion

Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit. In 2017, Thailand joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as the 139th member state to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), a multilateral […]

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Philippines: Investments soar 154%

MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) soared by 154 percent to  P48.03 billion in the first five months of the year,  driven by a surge in investment approvals in May. In a statement yesterday, PEZA director general Tereso Panga said the amount is 153.74 percent higher than the P18.928 […]

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Cambodia to become higher-middle-income country by 2030

Prime Minister Hun Sen expressed confidence that Cambodia will become a high-middle-income country by 2030, despite the challenges posed by the global economy, the war between Ukraine and Russia, and the climate change crisis. In a graduation ceremony for students of the Royal University of Law and Economics yesterday, the premier said that Cambodia is […]

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