MANILA, Philippines — The average basic wage and salary paid to the country’s agriculture workers declined by 1.6 percent last year, data from the Philippine Statistics Authority (PSA) showed. In its Agricultural Indicator Systems: Employment and Wages in the Agriculture Sector report, the PSA said the average basic wage and salary paid to agriculture workers […]
Read MoreSINGAPORE’S factory output jumped by 14.6 per cent year on year in November, according to figures from the Economic Development Board (EDB) on Friday (Dec 24). The latest growth came on the back of a surge in production of active pharmaceutical ingredients, and was also supported by a pick-up in semiconductor output. Industrial production rose […]
Read MoreThe General Department of Taxation (GDT) has reiterated a call for owners of e-commerce and other online entities conducting business in Cambodia to properly register, saying it will start to charge a value-added tax (VAT) on digital goods and services on January 1. Addressing a seminar on the new VAT rules for e-commerce on December […]
Read MoreUnder the current regulations on foreign investors buying shares of Vietnamese banks, the total share ownership rate of foreign investors must not exceed 30 per cent of the charter capital of a bank. Many banks expect the participation of foreign strategic shareholders will help them increase capital and improve governance capacity and competitiveness, but the […]
Read MoreThe Commerce Ministry is upbeat about new business registrations this year, driven by e-commerce, herbal businesses, delivery services, and businesses related to computers as consumers change their behaviour and more people work from home. Sorada Lertharpachit, deputy director-general of the Business Development Department, said new business registrations this year are expected to grow by 13.7% […]
Read MoreMANILA, Philippines — The Philippine economy may see a strong last quarter, but sustaining this into the start of 2022 is uncertain amid the emergence of the Omicron coronavirus variant. In its latest chart book, Capital Economics said the Philippines is up for another positive quarter in the October to December period. This follows the […]
Read More
Thailand
