SINGAPORE – Asian markets followed Wall Street southwards after Federal Reserve chairman Jerome Powell dashed hopes of an immediate pivot on the US central bank’s aggressive monetary policy. In Singapore, the Straits Times Index (STI), which had recently regained its foothold above the key 3,000 support level, kicked off 34 points or 1 per cent […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) is an important mechanism to safeguard the rules-based multilateral free trade system against the trends of anti-globalization and protectionism, Cambodian Prime Minister Hun Sen said on Wednesday. Addressing a high-level forum on the RCEP here, Hun Sen said the rise in protectionism is undermining globalization and rules-based multilateralism momentum. […]
Read MoreGlobal 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) […]
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Thailand
