MANILA, Philippines — The Philippines’ trade gap narrowed in July on falling imports and slight export growth, the country’s statistics agency reported Tuesday. Trade deficit in July stood at $3.39 billion, 15.5% lower than $4.02 shortfall recorded in the same month last year. A deficit occurs when a country’s imports exceed its exports. Merchandise exports […]
Read MoreIndonesia will follow in the footsteps of several major economies by taxing digital companies, with a newly proposed taxation bill set to serve as legal footing for the government to collect corporate income tax from foreign tech giants doing businesses in the domestic market. The government has been in a long battle to tax foreign […]
Read MoreThe Thailand Bond Market Association (ThaiBMA) plans to issue cryptocurrency to facilitate bond trading, making it less costly and more convenient, said the association’s president Tada Phutthitada. There are three steps leading to cryptocurrency use in bond trading – first, the ThaiBMA will apply blockchain or distributed ledger technology (DLT) for the registration of bonds. […]
Read MoreCambodia and Laos will sign a power deal this week during the state visit of the Laotian prime minister. Through this week’s agreement, the Kingdom will buy 2,400 megawatts from neighbouring Laos. This week’s deal will be discussed at the Council of Ministers tomorrow, according to Victor Jona, the director-general of energy at the Ministry […]
Read MoreKUALA LUMPUR: Malaysia is looking to diversify into food crops, in the face of fluctuating commodity prices and Western countries’ hostility towards palm oil. In an interview with The Straits Times, Agriculture and Agro-based Industry Minister Salahuddin Ayub said there are plans to plant more food crops on agricultural land, including in oil palm plantations. […]
Read MoreThe sales rate for new condos launched in Bangkok in the second quarter fell to historic lows as loan-to-value (LTV) limits, a weak economy and stronger baht dampened demand, according to property consultant Knight Frank Thailand. Risinee Sarikaputra, director of research, said the sales rate for new condo supply in the second quarter — 15.7% […]
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