KEY interest rates will likely be raised anew as inflation is expected to have accelerated last month and remain elevated in the first few months of 2023, analysts said. While December consumer price growth may not have not breached the Bangko Sentral ng Pilipinas’ 7.8 to 8.6 forecast for the month, a continued rise in […]
Read MoreJAKARTA, Jan 2 (Reuters): Foreign visitors to Indonesia in November fell slightly from the previous month to about 657,300 but more than quadrupled from a year earlier, when pandemic restrictions slowed global travel demand, data from the statistics bureau showed on Monday. The November figure tracked a similar pattern in previous months with a sharp […]
Read MorePETALING JAYA: Inflationary pressures are expected to stay elevated in the near term. UOB Global Economics and Markets Research said headline inflation, as measured by the change in consumer price index (CPI), would likely stay elevated in the near-term before decelerating this year. “The government is prioritising measures to reduce the cost of living by […]
Read MoreBangkok Post: Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation. The International Monetary Fund projects global economic growth of 2.7% in 2023, slowing from 3.2% last year and 6% in 2021. A key factor behind the slowdown is a shift in […]
Read MoreIncreasing tax incomes from all kinds of tax sources in 2022 reflected Cambodia’s better economic situation in the post-Covid-19 period, said Prime Minister Hun Sen. Addressing the groundbreaking ceremony for road reconstruction on Friday, the Premier pointed out that the General Department of Taxation (GDT) collected more than $3.43 billion as tax income in 2022, […]
Read MoreBusiness associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and the environmental protection tax cut for fuel till the end of 2023. From January 1, 2023, many supporting policies for households and businesses will no longer be valid, including the VAT reduction and […]
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