MANILA, Philippines — The Philippines will remain a regional underperformer despite the strong bounce-back from the pandemic-induced recession due to the rapid virus surge and tough mobility restrictions early this year, according to DBS Bank of Singapore. In a report, DBS economist Chua Han Teng said risks remain despite the projected 6.5 percent gross domestic […]
Read MoreCambodia’s Prakas 542 provides the rules for implementing a value-added tax on non-resident foreign e-commerce suppliers. Prakas 542 also clarifies that the non-resident entity must register for VAT purposes in Cambodia and file for VAT returns if their turnover from the e-commerce activities reaches a certain threshold. Notified in September 2021, Prakas 542 provides the […]
Read More[BENGALURU] Thailand’s central bank will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel restrictions, a Reuters poll found. Economic growth in the South-east Asian nation is yet to return to pre-pandemic levels and the recovery continues to be fragile due […]
Read MoreJAKARTA, Indonesia — Indonesia’s economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed. Southeast Asia’s biggest economy expanded 3.69 percent on-year, the country’s statistics agency said, having contracted […]
Read MoreThe government plans to hold travel bubble talks with China and Malaysia this month, days after resuming a quarantine-free visa programme to boost tourist arrivals seen as key to sustaining a nascent economic recovery. Prime Minister Prayut Chan-o-cha’s government will soon discuss with the Chinese Minister for Culture and Tourism details of a possible bilateral […]
Read MoreMANILA, Philippines — The Philippines is aiming to sign next month the free trade agreement (FTA) with South Korea, which is expected to contribute to economic recovery efforts from the pandemic. Trade Secretary Ramon Lopez said in a Viber message yesterday the FTA with South Korea is undergoing legal scrubbing and is being finalized. “Target […]
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