Cambodia may not benefit from joining the 130 countries that have signed up for the domestic tax base erosion and profit-shifting (BEPS) policy, according to the ASEAN+3 Macroeconomic Research Office (AMRO). Companies use BEPS to exploit mismatches in tax rules to shift profits to locations with zero or low tax rates. The Organisation for Economic […]
Read More“Many won’t die from the disease but being unable to make a living,” Vu Van Tien, President of Geleximco Group gave his view at a meeting with the government last week to stress the need of reopening the economy, noting that it’s time for enterprises to “save themselves”. In a letter sent to the government […]
Read MoreThe Bank of Thailand (BOT) announced on Wednesday that it had maintained its estimation of gross domestic product (GDP) in 2021 at 0.7 per cent expansion, but increased its forecast of 2022 GDP to 3.9 per cent from its August estimation of 3.7 per cent. The expansion of Thailand’s economy has been slowed down by […]
Read MoreMANILA, Philippines — Bank lending finally snapped eight consecutive months of contraction to return to positive territory in August, bringing good news to a government that is counting on banks to jumpstart the economy from a pandemic-induced crash. Excluding interbank lending, outstanding loans issued by big banks rose 1.3% year-on-year in August to P9.2 trillion, the […]
Read MoreAFP – From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy Coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation’s manufacturers. The snarl-ups at Vietnam’s factories are part of a broader crisis around the planet that is […]
Read MoreThe Asian Development Bank (ADB) has approved an $82 million loan to improve about 48 kilometres of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor. According to an ADB’s press release AKP, the new assistance is the second phase of […]
Read More
Thailand
