THE Philippines’ manufacturing PMI remained positive in January but the latest reading signaled a slowdown due to the impact of higher taxes on both output and new orders. Results of an IHS Markit/Nikkei survey released on Thursday showed a seasonally adjusted Purchasing Managers’ Index of 51.7 for the month, lower than December’s 54.2 and the […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia and the National Bank of Cambodia will explore a plan to set up a link between the national automated teller machine (ATM) networks in both countries. In a joint statement issued on Friday following a bilateral meeting in Siem Reap, they said such a link would facilitate efficient cross-border ATM […]
Read MoreAmid rising competition in the food mart and supermarket sectors, US convenience store chain Circle K officially opened its first outlet in the kingdom yesterday. The store, which opened in Phnom Penh’s Tuol Kork district, will soon be followed by two more outlets from the US retail company. The stores will be operated by Circle […]
Read More“Significant developments” will be on the agenda when monetary authorities meet to discuss policy next week, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Inflation will be a primary consideration along with the first round price impact of the recently-implemented Tax Reform for Acceleration and Inclusion (Train) law, central bank Governor […]
Read MorePETALING JAYA: Cryptocurrency exchanges are hogging the news. A few weeks ago, two large exchanges operating in Malaysia saw their local accounts frozen pending an investigation by the tax authorities. Both exchanges have said that they are unable to process deposits and withdrawals in Malaysia following a move by the Inland Revenue Board (IRB) to […]
Read MoreSales and rental demand for condominium properties in Yangon remain weak even though the Condominium Rules have been released for almost two months now. The list of rules, which were released in December, two years after the new Condominium Law was approved, include allowing foreigners to own up to 40 percent of the total floor area […]
Read More
Thailand
