The National Bank of Cambodia (NBC) is working with Thai authorities to promote the use of KHQR more broadly between the two countries, a move that would encourage cross-border cashless payment. KHQR is a universal quick response (QR) code system created for retail payments in the Kingdom and cross-border payments within the ASEAN bloc, according […]
Read MoreTourism operators in Betong and Hat Yai are banking on cross-border tourism from Malaysia to shore up the local economy, while encouraging a more seamless immigration process to facilitate the flow of tourists. Narin Ruengwongsa, vice-president of the Betong Tourism Association, said the number of tourists from Malaysia significantly increased after the Thailand Pass scheme […]
Read MoreThe Ministry of Finance again proposed the Government lower the MFN tariff on unleaded gasoline to 10% from 20%, instead of 12% as earlier suggested, apart from efforts to cut the environmental protection tax on fuels to the floor level. The Finance Ministry has sent a dispatch asking the Ministry of Justice to appraise a […]
Read MoreAfter weeks of saying the BSP is being very cautious about raising the interest rate despite the weakening peso, it surprised everyone when it raised it by 75 basis points last week. It was in reaction to the US inflation rate zooming to 9.1 percent, fueling speculations US interest rates could rise by a full […]
Read MoreThe Royal Government of Cambodia has decided to extend the tax exemption for tourism businesses in Phnom Penh, Sihanoukville and Siem Reap from July to September 2022. This is part of the Royal Government’s guidelines on additional measures to continue to manage the impact and support the recovery of the tourism sector. The Royal Government’s […]
Read MoreMANILA, Philippines — Amid harsh economic conditions, majority of Filipinos want the Marcos administration to prioritize taming inflation and boosting wages, according to a new Pulse Asia survey released Tuesday. Results of a nationwide poll of 1,200 adults conducted from June 24 to 27 showed 57% of respondents saying they want the Marcos administration to […]
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Thailand
