Global interest rates are projected to reach a ceiling later this month as inflation fears have eased and several central banks are starting to worry about the impact of aggressive monetary policies on the global economy, says Tisco Securities. The Reserve Bank of Australia and the Bank of Canada have started to slow their rate hikes […]
Read MoreDOMESTIC manufacturing activity continued to expand in October but at a pace slower than the previous month, S&P Global reported on Wednesday. At 52.6, the Philippines’ latest purchasing managers’ index (PMI) was down slightly from September’s 52.9. The result remains positive, however, as readings above 50 indicate gains. “While the headline index signaled a slightly […]
Read MoreEcommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on their behalf. This is one of the new regulations stipulated in the Government’s newly issued Decree 91, which amends and supplements Decree 126, and guides the implementation of the Law on Tax Management. […]
Read MoreHun Sen, Prime Minister of the Kingdom of Cambodia, yesterday morning announced that the bilateral free trade agreement between Cambodia and South Korea will come into force in December this year. The Premier made the announcement at the opening ceremony of the High-Level Forum on the 10th Anniversary of the Regional Comprehensive Economic Partnership (RCEP) […]
Read MoreBANGKOK: Thailand’s central bank expects the country’s economy to grow by 3.3% this year. This was the view expressed by its deputy governor Mathee Supapongse, who said that it would be supported by consumption and the return of tourists. Mathee, who was speaking at a business seminar in the Thai capital, added that the economy […]
Read MoreTO maintain the integrity of the Philippine currency, the Bangko Sentral ng Pilipinas (BSP) retired 519.93 metric tons of unfit, demonetized, mutilated and counterfeit (UDMC) coins through defacement. In a statement on Wednesday, BSP said that the coin defacement was undertaken beginning October 2021 until September 2022. Coin defacement, done via machine, involves a process […]
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