Starting on April 1, the Electricity Authority of Cambodia (EAC) will continue to bring down the cost of electricity for households and enterprises in Phnom Penh and a number of provinces, according to a recent announcement by the agency. In a statement released earlier this month and signed by EAC’s chairman Ty Norn, the agency […]
Read MoreAll 7-Eleven convenience stores nationwide now accept Visa credit-card payments. The announcement comes as the Bank of Thailand plans to allow commercial banks to set up banking agents in order to provide financial-service points that are closer to people’s homes than branch operations. Many observers speculate that 7-Eleven has the potential to be a banking […]
Read MoreHCM CITY — Fast moving consumer goods are expected to have another year of strong growth in 2018 and rise 6-7 per cent over the preceding year, according to a Kantar Worldpanel report on Vietnam FMCG market. The report pointed out that the FMCG market showed improvement in four large cities (HCM City, Hanoi, Danang […]
Read MoreMANILA, Philippines — The Philippines booked a balance of payments (BOP) deficit amounting to $531 million in January amid strong outflows, reversing the $917 million surplus recorded in December. Data from the Bangko Sentral ng Pilipinas (BSP) showed the shortfall last month was the highest since the country recorded a BOP deficit of $678 million […]
Read MoreWHILE some sort of tax on the wealthy had been expected in Monday’s Budget, few thought it would take the form of a hike in buyer’s stamp duty (BSD). The move however, has received praise from tax consultants and other experts. They say it’s less disruptive and easier to implement than alternatives such as capital […]
Read MoreThe government will strengthen its inspection of employers to ensure they have work permits and proper paperwork for their foreign employees, according to an announcement from the Ministry of Interior and Ministry of Labour released earlier this week. Inspection teams will visit businesses, NGOs, casinos and entertainment venues to ensure business owners are following the […]
Read More
Thailand
