As experts forecast tourist arrivals in Southeast Asia will grow beyond pre-pandemic numbers in the next two years, could Asean maximise the benefits of this trend by removing barriers to travel within the region? Recognising the potential impact the sector could have on economic development, tourism has been a key area of cooperation among member states […]
Read MoreThe Royal Government of Cambodia through the Ministry of Economy and Finance (MEF) on Saturday last week released a proclamation after it had been issued on January 3, 2023, to approve the suspension of 1 percent prepayment of income tax for enterprises within the apparel and textile industry of Cambodia. However, the suspension would be […]
Read MoreMANILA, Philippines — The Philippines‘ debt may ease this year as the economy continues to bounce back from the impact of the COVID-19 pandemic, according to Moody’s Investors Service. In a report, the debt watcher said it believes the debt burden of the Philippines has peaked, but the scope for significant reduction is limited. “For […]
Read MorePARIS, France — World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday. Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and […]
Read MoreForeign investment in Thilawa Special Economic Zone (SEZ) has fallen drastically, negatively impacting land or ground rent income by over 6 billion kyat, said the Thilawa SEZ Management Committee said. About 113 factories from 20 countries invested in Thilawa SEZ and 93 factories and manufacturing units were still running until June 2022 but the number […]
Read MoreKUALA LUMPUR (Jan 9): Malaysia’s economy is set to go through a “slow and normalisation” growth of 4.1% this year, down from an estimated 8.5% last year, reflecting largely the normalisation of technical high-base effects and a weakening external environment, according to Socio-Economic Research Centre (SERC). The research house’s executive director Lee Heng Guie said […]
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Thailand
