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Cambodia: Kingdom likely to seek British funds for MRT

Both countries discussed new opportunities and exchanged technical views on financing models for infrastructure development. The discussion centred on the planning and financing the Mass Rapid Transit system for Phnom Penh. Cambodia plans to seek funds from the United Kingdom for the development of the Mass Rapid Transit (MRT) system in the city. The matter […]

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Philippines: BSP-run voluntary retirement savings program reports bigger contribution in 2022

MANILA, Philippines — The government’s voluntary retirement savings program reported a significant increase in contributions in 2022, speaking volumes on the public’s spending priorities as living expenses turn expensive by the day. In a statement on Tuesday, the Bangko Sentral ng Pilipinas said that personal equity and retirement account (PERA) contributions ballooned 30% year-on-year to P329.6 […]

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Vietnam: E-commerce platforms disapprove of suggestion to pay tax on behalf of sellers

A representative of the Vietnam E-Commerce Association revealed three obstacles in the way of e-commerce platforms that make it impossible to pay tax in sellers’ stead. HÀ NỘI — The Ministry of Finance has called for e-commerce platforms to pay tax on behalf of sellers, but online traders insist the suggestion is impractical. A representative of the Vietnam E-Commerce […]

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Chinese seekers pick Thailand

Thailand is the most-searched destination among Chinese travellers using Airbnb, according to data collected by the accommodation sharing platform. Within the country, Bangkok, Phuket, Chiang Mai and Pattaya top the list of searches by Chinese outbound travellers. The easing of China’s pandemic measures and the reopening of cross-border travel has led to a rapid uptick […]

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Philippines: Vehicle sales up 42% in January

MANILA, Philippines — Vehicle sales in the country welcomed the year with an over 40 percent increase, continuing the double-digit growth momentum in 2022. Latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales reached 29,499 units in January, a 42.1 […]

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Laos: Thanaleng Dry Port cuts transport, shipping costs, developer confirms

The Thanaleng Dry Port offers much cheaper logistics and transport services, its developer has informed local freight forwarder and logistics service providers. Business executives and representatives of dozens of companies providing transport, logistics and import-export services on Friday visited the dry port in Vientiane to learn about the opportunities offered. Businesses representatives visit the control […]

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