Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit. In 2017, Thailand joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as the 139th member state to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), a multilateral […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) soared by 154 percent to P48.03 billion in the first five months of the year, driven by a surge in investment approvals in May. In a statement yesterday, PEZA director general Tereso Panga said the amount is 153.74 percent higher than the P18.928 […]
Read MorePrime Minister Hun Sen expressed confidence that Cambodia will become a high-middle-income country by 2030, despite the challenges posed by the global economy, the war between Ukraine and Russia, and the climate change crisis. In a graduation ceremony for students of the Royal University of Law and Economics yesterday, the premier said that Cambodia is […]
Read MoreWith demand for on-site Mice (meetings, incentives, conferences and exhibitions) activities bouncing back after the pandemic, Asian nations are dusting off exhibition venues and ramping up marketing plans to welcome international visitors once again. The response has been particularly vibrant in Northeast Asia, where South Korea’s Busan is bidding for the World Expo 2030, while the […]
Read MoreIn Q1/2023, over 149,000 workers were rendered jobless on the unfavorable economic situation, up 13 per cent quarter by quarter. HÀ NỘI — Layoffs could run until the end of 2023 as firms continue to trim their ranks in line with slumping global demand, experts said. According to the Private Economic Development Research Board (Board […]
Read MoreCambodia will need to develop new air transport markets and reduce its reliance on multi-country itineraries to resume growth and justify airport infrastructure investments, according to a recent study. Cambodia was one of the fastest-growing air transport markets in Southeast Asia pre-pandemic and has big ambitions for growth in the post-pandemic era, ADB SEAD’s ‘Landscape […]
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