Singapore-based airline Scoot, a low-cost carrier, announced its intention to expand its services into Cambodia and Laos, according to a report in Thai newspaper the Nation. Currently, Scoot has scheduled flight services to 65 destinations including Vietnam, Myanmar and Thailand. The company said that it has plans to include flights to Cambodia and Laos over […]
Read MoreThe General Department of Taxation (GDT) collected a whopping $1.19 billion in tax revenue during the first half of this year, an increase of 32 percent compared to the same period last year, led by a surge of value-added tax (VAT) and profit-tax revenue. The huge gains appear to be an indication that efforts by […]
Read MoreCambodia’s economy continues to perform strongly, but the government will face rising spending pressures that need to be tackled by enhanced revenue collection through more stringent tax measures to contain near-term deficits, the International Monetary Fund (IMF) said yesterday at the conclusion of its annual Article IV consultation. “Cambodia over the medium term faces several […]
Read MoreCambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and inject it into circulation, according to the regulator’s latest report. […]
Read MoreThe Kingdom’s financial sector continued to expand robustly during the first half of this year with outstanding loans and deposits increasing compared to the same period last year, reflecting sustainable development and growing public confidence in the sector, according to the latest report by the central bank. However, with enlarged growth the rate of non-performing […]
Read MoreNearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption. According to a prakas signed by the finance minister on […]
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Thailand
