Multinationals making money in Cambodia without a physical presence here will not be able to avoid paying taxes, even though the Kingdom has not signed up to the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), according to tax experts. G20 leaders endorsed the new international tax reforms proposed last month at their […]
Read MoreKUALA LUMPUR, Nov 3 ― Bursa Malaysia remained in the negative territory at mid-afternoon, weighed down by selling in selected heavyweight stocks, led by Top Glove Corporation Bhd and Sime Darby Plantation Bhd. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.74 points to 1,531.89 from yesterday’s close of 1,537.63. It opened […]
Read MoreThe Vietnamese Government promotes foreign investments in projects ranging from transport infrastructure to education, healthcare, and services worth over US$70 billion. Deputy Prime Minister Pham Binh Minh signed off Decision No.1831/QD-TTg announcing a portfolio of 157 national projects subject to foreign investment during the 2021-2025 period. These projects cover different fields including transport infrastructure, industrial […]
Read MoreThai export growth is expected to slow to 5% in 2022, down from the 12% forecast for this year, as global demand and inventory become normalised. Existing risk factors include the relatively high freight rate, a shortage of shipping space, containers, and chips, as well as volatile oil and steel prices, said Chaichan Chareonsuk, chairman […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank said the Philippines’ gross domestic product (GDP) growth likely slowed to 3.8 percent in the third quarter from 11.8 percent in the second quarter due to intermittent lockdowns. Nicholas Mapa, senior economist at ING Bank Manila, said despite the slower growth, the Philippine economy likely remained in […]
Read MoreThere has been a surge in demand for consumer credit, according to Credit Bureau Cambodia (CBC), with a 38 percent rise in applications for mortgages, credit cards and personal finance in the third quarter of the year. Applications for home loans rose by 39 percent, with 38 percent increases in personal finance and credit card […]
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