Cambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. Outstanding loans rose by 21.2 percent year-on-year to $45.7 billion last year, while customers’ deposits surged by 15.4 percent to $38.5 billion, […]
Read MoreMANILA, Philippines — The country’s sugar production continued to grow, albeit at a slower pace, rising by 4.63 percent. According to the Sugar Regulatory Administration (SRA), raw sugar production reached 657,352 metric tons (MT) as of Jan. 2, higher than the 628,286 MT in the same period last year. The growth, however, is slower than […]
Read MoreThe data announced by the General Statistics Office in late 2021 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community. The country’s GDP grew only 2.58% this year, compared to 2.91% in 2020, the lowest since Doi Moi (renovation). […]
Read MoreThailand posted its smallest e-commerce growth on record during the third and fourth quarters of 2021, attributed to tepid consumption and the reopening of physical shops, says SET-listed Kerry Express Thailand, a major parcel delivery service provider. “In the previous two quarters, Thailand and Southeast Asia witnessed the slowest e-commerce growth in history,” Alex Ng, […]
Read MoreMANILA, Philippines — The Southeast Asian region is expected to continue its recovery this year, with the Philippines seen registering the strongest growth, but new COVID-19 variants remain a threat in the region’s rebound. In its weekly economic preview, market intelligence firm IHS Markit said strong economic expansion is expected in most of the Southeast […]
Read MoreTaxes on cryptocurrency trading should be fair, clear, practical and promote trade, the Security and Exchange Commission (SEC)’s former deputy secretary-general Tipsuda Thavaramara said on Sunday. The Revenue Department’s decision to discuss taxes for cryptocurrency trading with relevant agencies was a good move, she added. Tipsuda also pointed out the three issues related to taxing […]
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