MANILA, Philippines — Online barter of goods is not illegal, and not subject to taxes, so long as transactions are personal in nature and not conducted to earn a living, Trade Secretary Ramon Lopez clarified on Wednesday. “For local barter trade, there is no clear prohibition. But these are still subject to regulation, must be […]
Read MoreAs the COVID-19 pandemic continues to affect Cambodia’s real estate industry, the economic fallout from the second quarter’s disruption is yet to be fully realised, according to report by CBRE Cambodia. CBRE, which describes itself as the foremost property consultant in Cambodia, said that rent and prices across most sectors continue a negative trajectory. The […]
Read MoreThailand’s economic activity may not return to levels seen before the Covid-19 pandemic until 2022, but the country’s record-low policy interest rate of 0.50% is unlikely to go to zero percent, the central bank said on Tuesday. The Bank of Thailand (BoT) has forecast the trade-and-tourism driven economy will shrink by a record 8.1% this […]
Read MoreThe Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao kip against foreign currencies. The Bank of the Lao PDR (BOL) made a commitment at the latest National Assembly session to try to maintain the value of the Lao kip against major international […]
Read MoreAs the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow. According to a study by Jones Lang Lasalle Vietnam Co, Ltd (JLL), traditional brick-and-mortar retail outlets have suffered as countries implement stay-at-home and social distancing policies “Certainly, the dependence on e-commerce will explode and will change […]
Read MoreThe total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry Xinhua reported. From Oct. 1, 2019 to July 3, Myanmar earned over 13.2 billion U.S. dollars while its import shared over 15 billion U.S. […]
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