E-commerce transactions, for both digital products and services, are now subject to value-added-taxes (VAT) in Cambodia, as the number of online transactions has seen a rapid increase. In a sub-decree signed by Prime Minister Hun Sen on April 8, e-commerce transactions provided by non-resident taxpayers who do not have permanent offices in Cambodia will be […]
Read MoreExperts have suggested imposing high taxes on vehicles and encouraging the use of electric cars. At a seminar on urban transport’s impact on the environment held several days ago, Yann Maublanc from Espelia said that, after electric car usage kicked off, nitrogen oxide emissions in the populous Île-de-France decreased by 37 percent in 2005-2015, while […]
Read MoreIndonesia’s textiles industry, among others, is getting ready to implement Industry 4.0 programmes that, according to the country’s industry ministry, will boost efficiency and competitiveness. The ministry has provided facilities for structurisation in the textiles, leather and footwear industry through renewal of machinery with advanced technologies. The various programmes outlined by the ministry to implement the roadmap […]
Read MorePremier underlines his determination to steer the country towards controlling the pandemic and economic growth. Cambodia’s Prime Minister has reaffirmed the Royal Government’s utmost commitment to overcome COVID-19 challenges, while updating them on attained milestones and achievements. Prime Minister Hun Sen underlined the points in his recent message to the people to welcome the occasion […]
Read MoreMANILA, Philippines — Moody’s Investors Service has raised the outlook of Philippine banks to stable from negative on expectations of a mild recovery from the pandemic-induced recession. In a report, Moody’s said the recovery from the record 9.6 percent gross domestic product (GDP) contraction last year would support the operating environment for banks. “Operating environment […]
Read MoreJAKARTA: Indonesia’s trade surplus is expected to narrow in March, as imports rose before the Muslim fasting month, even as exports continued to benefit from higher commodity prices, a Reuters poll showed on Tuesday. The median forecast of 14 economists in the poll was for Southeast Asia’s biggest economy to record a $1.64 billion trade […]
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