MANILA, Philippines — The economy likely sustained the strong growth in the second quarter amid the further reopening of the economy from strict COVID-19 quarantine and lockdown protocols, according to economists. ING Bank senior economist Nicholas Mapa said the country’s gross domestic product (GDP) growth accelerated to 8.8 percent in the second quarter. “Solid household […]
Read MoreThe National Bank of Cambodia (NBC) has started to set the official exchange rate for the dollar based on the foreign exchange buying and selling prices in the currency market from August 2. NBC announced that the official exchange rate on the National Bank of Cambodia Platform (NBCP) is based on the exchange rate in […]
Read MoreThe Bangkok Metropolitan Administration (BMA) is planning to fully collect land and building taxes on land used for agricultural purposes after landlords and property owners allegedly exploited tax cuts to avoid higher taxes, a source said. Under current regulations, land plots used for agricultural purposes are subject to a land tax of 0.01-0.1%, depending on their […]
Read MoreMANILA, Philippines — The country has been reeling from a sugar shortage in the past few months following the sector’s missed production target caused by weather disturbances and high input costs, as well as delayed implementation of an order to import the sweetener. This has pushed retail prices of sugar beyond P100 per kilogram in […]
Read MoreThe Vietnamese dong currency remains remarkably stable while other currencies are sliding against the U.S. dollar. This situation makes foreign exchange rate management increasingly difficult. Foreign exchange rate under pressure. Foreign exchange rate under pressure Only 53 days after a VND200 per dollar hike, the selling price of the greenback on July 4 was adjusted […]
Read MoreJAKARTA: Indonesia’s inflation rate has continued to climb, reaching 4.94 per cent year-on-year in July. The July figure is the country’s highest inflation rate since October 2015. Back then, it was 6.25 per cent. This comes amid soaring food and energy prices globally as well as crop failures domestically, according to Mr Margo Yuwono, head of the […]
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Thailand
