SINGAPORE – Singaporeans are tightening their belt this Chinese New Year, with plans to cut overall spending, according to a recent United Overseas Bank survey. The respondents said they intend to spend an average of $2,503 each, down by 11 per cent from last year’s budget of $2,805. About 500 people aged between 18 and […]
Read MoreMAKATI (BLOOMBERG) – Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 per cent, according to forecasts released this week. Among the least developed countries, the […]
Read MoreCambodia’s updated Law on Financial Management for 2017 reflects the government’s ongoing efforts to revamp the country’s tax system and bring more businesses operating in the informal sector into the formal tax regime by offering incentives for small taxpayers. The amended laws, which came into effect on January 1, offer lower tax rates for small and medium […]
Read MorePresident Bounnhang Vorachit on Thursday held a bilateral meeting with his Singaporean counterpart Tony Tan Keng Yam who is on a three-day official visit to strengthen ties and cooperation between the two countries. At the meeting, which was also joined by senior officials of the two countries, President Yam praised the Lao PDR’s chairmanship of […]
Read MoreHCM CITY — Việt Nam is expected to enjoy a compound annual growth rate of 9.5 per cent between 2016 and 2021 for outbound travel among Asia Pacific’s emerging markets, according to the “Future of Outbound Travel in Asia Pacific 2016 to 2021” report by MasterCard. In 2021, around 7.5 million Vietnamese will travel abroad, […]
Read MoreDespite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak Investment in Uncertain Times,” looked back on the previous year […]
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Thailand
