MANILA, Philippines — The country’s hog inventory remained on a downtrend at the start of January as production continued to decline in the last quarter of 2021, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the country’s swine inventory stood at 9.49 million heads as of Jan. 1, down by 4.5 […]
Read MoreFor ages, the Khmer people had exchanged products, swapping their rice, corn and beans with fish, cows, buffalo or even pieces of farmland and houses. Interestingly enough, the archaeological evidence also suggests that the Khmer people first minted coins for transactional purposes hundreds of years ago The currency in terms of money, whether in the […]
Read MoreNew policies on environmental tax, application of e-invoice, and customs fees and charges will come into effect in this April. Environmental tax cut on gasoline The National Assembly Standing Committee on March 23 passed a resolution on reduction of environmental protection tax on petroleum, oil and lubricants. Specifically, environmental tax for gasoline shall be cut […]
Read MoreThailand’s economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB). The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which […]
Read MoreMANILA, Philippines — Loans extended by banks to micro, small and medium enterprises (MSMEs), used as compliance with the central bank’s reserve requirement ratio (RRR), reached P207.4 billion as of end-February, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the latest figure was a sharp improvement from the P8.7 billion in […]
Read MoreThe General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines. The department issued a notification on March 28 stating that it has observed that […]
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Thailand
