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Singapore carrier plans to fly to Cambodia, Laos

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 […]

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Cambodia: Tax department rakes in $1.2B in revenue

The 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 […]

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Asean firms win bid to supply rice to Philippines

MANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]

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Philippines: VAT on low-cost housing to worsen backlog

MANILA, Philippines –  The lifting of the value-added tax exemptions on low-cost housing as proposed by the tax reform bill would exacerbate the growing backlog for houses, property stakeholders said. Colliers International research manager Joey Roi Bondoc told The Star the removal of the VAT exemption on the sale of low-cost housing would make owning a house more […]

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