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Philippines: Debt payments decline in February

MANILA, Philippines — The government settled less of its local and foreign obligations in February, with payments reaching P33.3 billion during the month, according to the Bureau of the Treasury (BTr). Debt payments in February were more than four times lower than the P144.64 billion in February 2020, as less amortizations were made. The bulk […]

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59% of Vietnamese firms switch to digital platforms

In Vietnam, over half of businesses have turned to digital platforms to adapt to the new context amid the Covid-19 pandemic. Shawn Tan, economist from the World Bank’s Finance, Competitiveness and Innovation Global Practice, said the digital economy is becoming more important, especially amid the pandemic. “Digital technologies allow businesses to better adapt to the […]

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Cambodia: Land sales down in FY21

The Industrial Estate Authority of Thailand (IEAT) has seen land sales and leases decrease by 66.1% in the first six months of fiscal 2021, attributed to the impact of Covid-19, though investment value is still on the rise. From October 2020 to March 2021, investment value increased to 106 billion baht, a 288% increase year-on-year. […]

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Cambodia: Taxpayers still able pay online during lockdown

The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus. Medium- and large-category taxpayers can submit monthly tax returns via the online tax filing management system (E-Filing) and make tax payments through E-Payment, […]

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