The General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol. Following the GDT’s annual meeting in Phnom Penh yesterday, Vibol told reporters that the government expected to collect $1.71 billion, but […]
Read MoreThe government is planning to work with the private sector under a public-private partnership (PPP) to upgrade the Yangon-Nay Pyi Taw-Mandalay Highway, which is used by 16 million travelers annually, said U Kyaw Lin, Deputy Minister of Construction. “We are discussing options such as applying for foreign loans as well as working together with the […]
Read MoreMANILA, Philippines — The Philippines may impose up to 50 percent duty on imported rice as lawmakers finalize the amendments to the Agricultural Tariffication Act, which replaces quantitative import restrictions with tariffs. Sen. Cynthia Villar, who chairs the Committee on Agriculture and Food, said lawmakers would likely consider up to 50 percent rice tariff, based […]
Read MoreBank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent at the Monetary Policy Meeting (MPC) as it decides to normalise the degree of monetary accommodation amid the economy being firmly on a steady growth path. “The floor and ceiling rates of the corridor for the […]
Read MoreExporters look set to cut their forecast for the country’s export growth because of the baht’s appreciation and emerging protectionist trade measures. Wisit Limluecha, vice-president of the Thai National Shippers’ Council, which represents a group of Thai exporters, said the council is monitoring the baht’s movement and the impact of nascent trade measures in foreign […]
Read MoreThe new railway line connecting Phnom Penh train station to the airport will come online in April, according to the director of the railway department at the Ministry of Public Works and Transport. Chan Kimleng said construction of the rail road is developing as planned, and that the new transportation service will be launched before […]
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Thailand
