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Philippine debt barely moves in November

MANILA, Philippines — The country’s outstanding debt remained at a record high P13.64 trillion as of end-November last year as the peso appreciated against the dollar, but larger increases are still expected to happen as the government moves to finance the budget deficit, according to the Bureau of the Treasury. The latest figure was only […]

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Thailand: Chinese torrent unlikely this month

An influx of Chinese tourists is unlikely during the coming Lunar New Year holiday as not enough flights can be added in such a short time, while large tour groups are still awaiting an official announcement from the Chinese government, according to the Association of Thai Travel Agents (Atta). Atta president Sisdivachr Cheewarattanaporn said only small […]

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Cambodia: Implementation of new income, salary tax come into effect

All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, 2022. Individuals and sole proprietorship enterprises that generate from zero […]

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Thailand: Regional banks driven to step up digital services

Banks in Thailand and elsewhere in Asia-Pacific are being pressured to improve their digital banking services in 2023, as more tech companies are expected to join the industry amid the use of cloud technology, says cloud banking platform Mambu. Mambu’s annual “Partner Predictions” report indicated tech firms are among the new players competing with traditional banks […]

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Cambodia’s export to RCEP countries up 5 percent at $5.6B

Cambodia exported $5,671 million worth of goods to the members of the Regional Comprehensive Economic Partnership (RCEP) countries in eleven months of last year, an increase of 5 percent compared to the same period last year, data from the Ministry of Commerce showed yesterday. Cambodia’s top three export RCEP destinations were Vietnam, China and Japan […]

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