A senior official of National Bank of Cambodia (NBC) yesterday made a clarification that Chinese people who visit the country will be able to make electronic payments in riel, “not yuan”, by scanning the KHQR code with the QR codes of UnionPay, WeChat and AliPay – which is most likely to come into effect by […]
Read MoreThe Revenue Department is planning to launch a value-added tax (VAT) reverse charge scheme in the scrap metal industry to reduce the risk of refund fraud by January 2024, says director-general Lavaron Sangsnit. He said more than half of the fake VAT invoices were issued by scrap metal businesses to be used as evidence for […]
Read MoreConsumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices. However, there is still concern about uncertainty in the political arena, said the University of the Thai Chamber of Commerce (UTCC). The UTCC reported […]
Read MoreOnly a handful of Vietnamese enterprises have taken advantage of expanding the Halal industry in general and increasing demand for Halal food in particular to boost exports, heard at a workshop held on July 13 in Ho Chi Minh City. Nguyen Tuan, Deputy Director of the Trade and Investment Promotion Centre of Ho Chi Minh […]
Read MoreSINGAPORE’S economy grew 0.7 per cent year on year in the second quarter of 2023, dragged by a deeper downturn in the manufacturing sector, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Jul 14). This was a slight improvement from Q1’s 0.4 per cent year-on-year growth. On a seasonally adjusted […]
Read MoreClose to 95 percent of the workers hardly attend reskilling or upskilling programmes within the labour-intensive garments, footwear and travel goods sector, according to a survey report released by the Cambodia Development Resource Institute. The report highlights the need for skill development of the workforce to help achieve the goal of moving up the value […]
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Thailand
