The 2020 Union Tax bill plans to raise special item tax levied on cigarettes and liquor up to K27 per pack for cigarettes, 60 percent of the price for liquor and beer, and 50 percent of the price for wines. “We, in line with the country’s health policy, plan to raise special item tax on […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has strengthened the oversight of payment systems to mitigate potential systemic risks amid the global health crisis and after the country was dragged into the $2.1 billion Wirecard AG scandal. BSP Governor Benjamin Diokno said the Monetary Board approved the Payment System Oversight Framework (PSOF), setting […]
Read MoreThe baht continued to weaken on Thursday after the resignations of Deputy Prime Minister Somkid Jatusripitak and four other key officials, reflecting foreign investors’ concerns about the continuity of the government’s economic policies. The baht is now Asia’s weakest currency against the US dollar on a year-to-date basis, down 5.5%, according to Reuters. The local […]
Read MoreA medium-term outlook for agriculture released Thursday forecast that Cambodia would play an increasingly important role in the global market for rice exports. Launched in Paris, the joint report by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation of the United Nations (FAO) covers the 10-year period from 2020 […]
Read MoreThailand’s food industry remains promising, driven by rising food demand during the Covid-19 pandemic. Speaking at the “Thai Food, World Food” fair, Commerce Minister Jurin Laksanawisit said despite a weak global economy, the ongoing trade spate, a strong baht and the deadly virus outbreak, Thailand has been doing well in food exports. “Thailand is the […]
Read MoreBank Indonesia (BI) has cut its benchmark interest rate for the fourth time this year to bolster the recovery from the coronavirus pandemic, which has dealt a crushing blow to the country’s economy. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points (bps) to 4 percent, […]
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