The benefits of the Regional Comprehensive Economic Partnership (RCEP) was discussed threadbare during ‘Unpacking the RCEP Agreement’ an online meeting yesterday. Sim Sokheng, Secretary of State of the Ministry of Commerce, opened the online event organised by ERIA, Economic Research Institute for ASEAN and East Asia, to discuss the Rules Of Origin (ROO) that determines […]
Read MoreEnterprises which deliberately delay the reduction of the value added tax (VAT) from 10% to 8% will face heavy sanctions, according to the General Department of Taxation. The general department has sent a dispatch to localities urging the application of the VAT reduction as required by the National Assembly and the Government. At present, many […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) almost doubled to a four-month high in November, resulting in a 52.5 percent increase during the 11-month period last year, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said FDI inflow went up to $1.09 billion in November from $599 million […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia predicts higher economic growth in 2022. The central bank estimated the domestic economy to grow up to 5.5 percent this year, higher than 2021’s 4.7 percent. Bank Indonesia Governor Perry Warjiyo, said that the outlook is based on the support from vaccine rollout acceleration and the expanding reopening of economic activities. “As well as the continued […]
Read MoreBy Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economy returned to growth in the fourth quarter of last year, as coronavirus curbs were lifted and economic activity resumed. Gross domestic product rose 3.6% in the October-December period, the central bank said on Friday, faster than the 3.3% rise forecast in a […]
Read MoreThe baht opened at 32.76 to the US dollar on Friday, weakening from Thursday’s close of 32.63. The Thai currency is likely to move between 32.65 and 32.85 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht weakened less than expected as foreign investors bought Thai stocks and short-term bonds […]
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