The Council for the Development of Cambodia (CDC) has announced the approval of nine new investment projects creating a total of 13,849 job opportunities for the locals. According to a CDC press release yesterday, the newly approved projects are worth $54.8 million. The projects are located in Kampong Speu, Takeo, Svay Rieng and Kandal, and […]
Read MoreMANILA, Philippines — Private economists further lowered their inflation forecasts for 2023 and 2024 as prices cooled due to the aggressive rate hikes delivered by monetary authorities, outgoing Bangko Sentral ng Pilipinas Governor Felipe Medalla said. In a forum, Medalla said results of the latest survey of private economists for June showed a lower inflation […]
Read MoreHANOI — Vietnam will lower its value-added tax (VAT) from 10% to 8% from July through December, bolstering stimulus measures to support consumption and business activities as the export-oriented economy grapples with an economic slowdown. The country’s National Assembly last week passed a bill to lower the VAT from July 1 till the end of December. […]
Read MoreThe Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term. The bank is allowing Thai individuals to invest up to UScopy0 million in offshore markets, up from $5 million now. The move should help to balance capital flows and manage baht-dollar volatility, […]
Read MoreMANILA, Philippines — The government recorded a lower budget deficit of P122.2 billion in May as revenue collections increased and expenditures barely moved amid the slow spending rate of state agencies. Data from the Bureau of the Treasury showed that the Marcos administration reverted back to a budget shortfall of P122.2 billion last month after […]
Read MoreFalling demand and lower prices of inputs have sharply driven down the prices of many goods, especially food and foodstuffs. Oanh, a footwear worker in Ho Chi Minh City’s Tan Binh District, said: “Prices of eggs, meat and vegetables are down 10-30% compared to a year ago, and the prices of some items have even […]
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