Car and beer sales are recovering vigorously, resulting in a surge of excise tax revenue collection by the Excise Department from the two products for the first five months of fiscal 2021. Lavaron Sangsnit, director-general of the Excise Department, said the overall economy has gradually recovered as reflected by the department’s tax revenue collection in […]
Read MoreMoody’s Investors Service upheld Cambodia’s B2 stable rating in its Inside ASEAN report. “Cambodia’s credit profile balances its strong growth trajectory, robust fiscal metrics and low external vulnerabilities against financial stability risks stemming from sustained, high credit growth compounded by weak institutions and high dollarisation,” the credit opinion read. The US-based rating agency determines a […]
Read MoreMANILA, Philippines — Banks are expected to dispose about P152 billion worth of non-performing assets (NPAs) under a new law allowing the industry to offload soured loans, even at substantial discount, to ensure a sound and safe financial system amid the global health crisis, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin […]
Read MoreKUALA LUMPUR: Bank Negara projects a domestic economic rebound of between 6% and 7.5% in 2021 although progress will be uneven and shaped by the course of several factors including the Covid-19 pandemic and vaccine rollout. The central bank said in its 2021 outlook and policy report that other factors that play a role in […]
Read MoreCambodia’s export of industrial products, including garment products, were valued at $6.37 billion in 2020, a year-on-year decrease of 43 percent, data from the Ministry of Industry, Science, Technology and Innovation showed. The report said that the export of garment, footwear, and travel goods was recorded at only $3 billion, down from $9.32 billion in […]
Read MoreVietnam’s e-commerce is very potential so local retail businesses should expand their scale on the online channel. Vietnam’s small and medium enterprises (SMEs) and business households can seize the opportunity to improve their online business capacity through joining an online three-day Retail University program this April. The program is jointly held on April 7, 8 […]
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Thailand
