Small- and Medium Enterprises (SMEs) in Cambodia will receive tax incentives as the government intends to promote their development to create jobs and increase domestic production capacity. The sub-decree on tax incentives for SMEs in priority sectors, signed by Prime Minister Hun Sen on October 2, identifies six priority sectors – agro-industry and food production […]
Read MoreMANILA, Philippines — Standard Chartered Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver two more rate hikes this year as inflation is expected to peak at 7.4 percent in December. Chidu Narayanan, economist for Asia at Stanchart, said the central bank is expected to respond to higher inflation, breaching seven percent in the […]
Read MoreKUALA LUMPUR: The ringgit opened slightly higher against the US dollar early Friday due to local factors following reports that the World Bank has predicted Malaysia would sustain growth and achieve high-income status between 2020 and 2024. At 9 am (0100 gmt), the local currency stood at 4.1430/1480 against 4.1450/1490 recorded at Thursday’s closing. A […]
Read MoreThe Hanoitimes – Vietnam is shining bright on foreign funds` radar. Vietnam expects to receive a large foreign investments flowing into its markets in the near future after many big institutional investors have recently come to the country to explore investment opportunities. A close source, which declined to be named, revealed that among the investors, one […]
Read MoreThe Revenue Department has allowed two companies that failed to win approval for offering downtown value-added tax (VAT) refund service to foreign tourists during a six-month trial run to file appeals within 15 days after its decision was announced. The department will take 30 days to deliberate on the appeals before forwarding them to the Finance […]
Read MoreThe retail price of petrol in Cambodia has increased for the third straight month, upsetting many who work in low-paying jobs, such as tuk-tuk drivers. The price jumped to 4,200 riel per litre in mid-October from 3,950 riel in July, according to the Ministry of Commerce. The price increase is hurting low-income families as the […]
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Thailand
