Government-approved foreign investment pledges dropped to P29.4 billion in the first quarter of the year, which an analyst said could be attributed to concerns related to the coronavirus disease 2019 (Covid-19) pandemic. In a report on Thursday, the Philippine Statistics Authority (PSA) said the amount was a 36.2-percent decrease from the P46 billion recorded a […]
Read MoreA cybersecurity expert has warned users of messaging app Line about the risk of having their accounts hacked. Line is the most popular messaging app in Thailand, with 46 million Thais using the service. “I estimate hundreds of fraud cases happen from the hacking of Line users’ accounts per year,” said Prinya Hom-anek, a cybersecurity […]
Read MoreCambodia will see a huge loss in revenue generated from tourism sector of around $3billion this year due to the pandemic spread, according to the Minister of Tourism. Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the […]
Read MoreThe Bank of Thailand has summoned foreign exchange dealers to meet on Thursday to discuss the baht’s rapid gain, which it does not consider to be in line with the country’s fragile economy. The discussion could focus on the baht’s reversal to a top performer in Asia from the weakest over the first four months, […]
Read MoreThe number of retail investors is rising as a result of growing awareness about the importance of investing, despite the market consensus that volatility will continue amid the COVID-19 pandemic. Mandiri Sekuritas, the country’s most active brokerage house by transaction value, booked 11,000 new customers in the retail segment during the first four months of […]
Read MoreMANILA, Philippines — The government is bent on capturing the digital economy into the country’s value-added tax (VAT) base even as the international community has not yet agreed on the taxation of cross-border digital transactions, according to the Department of Finance (DOF). In a text message to reporters, Finance Secretary Carlos Dominguez said the Philippines […]
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