The General Department of Taxation earned e-commerce value-added tax (VAT) income of $21 million from the operation of electronic goods and services in the first quarter of this year. GDT said in a meeting last week that in January alone the tax income from e-commerce was $6 million. The average tax income from e-commerce was […]
Read MoreASIAN currencies dipped in holiday-thinned trade on Friday, and were on course for weekly losses, as the increased probability of an interest rate hike by the U.S. Federal Reserve at its next meeting continued to weigh on sentiment. The South Korean won, Asia’s worst performing currency so far this year, has declined 2.2% this week, […]
Read MoreInflation in Laos has been rising steadily, with an average rate of 40.8 percent reported in the first quarter of 2023. According to Lao Youth Radio, the inflation rate increase can be attributed to the strengthening of the dollar due to the rise in policy interest rates in major economies, in addition to the restrictions on […]
Read MoreMANILA, Philippines — The National Economic and Development Authority (NEDA) expects inflation to ease to four percent by the end of the year. During a Palace briefing yesterday, NEDA Secretary Arsenio Balisacan said inflation is now on a downward trajectory. “We are actively monitoring the situation and implementation of the necessary measures to ensure that […]
Read MoreMr Sok Voeun, CMA’s Chairman, gave an insight into the Cambodia Microfinance Association in conjunction with the 43rd Anniversary of the Reintroduction of the Riel, Khmer Times. He elaborated on the importance of the KHR in the Cambodian economy and the usage of KHR up to 20 percent within the microfinance sector transactions KT: Please […]
Read MoreSINGAPORE – The slowing economy made life a bit harder for smaller companies in the first three months of 2023 after a lengthy period of expansion, a report noted on Thursday. It gave an overall reading of 49.9 points in an index that OCBC Bank compiles by analysing data from around 100,000 local small and medium-sized enterprises […]
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Thailand
