Cambodian banks have reaped great success via strong economic growth and high gross interest assets, but that has also resulted in complacency, which makes it imperative for commercial banks to adjust in the face of increased competition from incoming fintech companies. This according to Michael Lor Chee Leng, Senior Advisor to the EMFA, a not-for-proft […]
Read MoreThe Ministry of Industry and Trade (MOIT) has proposed removing a tentative regulation in a draft decree that says foreign investors can hold up to 35 percent of shares of petroleum trading companies. MOIT has submitted a statement to the Government about amending some articles of the decree 83/2014 on petroleum trading management. The document was […]
Read MoreBorder reopening will be one of several items on the agenda to be discussed when Singapore’s Prime Minister Lee Hsien Loong and his Malaysian counterpart meet in Singapore in early May. Will ensure that both leaders talk about it According to Bernama, Malaysia’s Foreign Affairs Minister Hishammuddin Hussein told the media that he “will make sure” […]
Read MoreMANILA, Philippines — The asset quality of Philippine banks further deteriorated for the second straight month in February as the industry’s gross non-performing loan (NPL) ratio rose to 4.08 percent, the highest in more than 11 years due to the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The latest […]
Read MoreE-commerce transactions, for both digital products and services, are now subject to value-added-taxes (VAT) in Cambodia, as the number of online transactions has seen a rapid increase. In a sub-decree signed by Prime Minister Hun Sen on April 8, e-commerce transactions provided by non-resident taxpayers who do not have permanent offices in Cambodia will be […]
Read MoreExperts have suggested imposing high taxes on vehicles and encouraging the use of electric cars. At a seminar on urban transport’s impact on the environment held several days ago, Yann Maublanc from Espelia said that, after electric car usage kicked off, nitrogen oxide emissions in the populous Île-de-France decreased by 37 percent in 2005-2015, while […]
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Thailand
