The Cambodian government is working hard at becoming more flexible to attract foreign investments and boost external trade to keep pace with the ever changing global trading environment. A Ministry of Economy and Finance (MEF) spokesman, Meas Soksensan, said that in the time of the global virus pandemic, compounded by the on-going trade war between […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is now expecting a deeper gross domestic product (GDP) contraction of seven to nine percent this year as the economy stalled due to containment measures to slow the spread of COVID-19. In a virtual conference, BSP Governor Benjamin Diokno told members of the Financial Executives of […]
Read MoreThe Finance Ministry is preparing to roll out a tax rebate and cash handout incentives to shore up consumer spending. The two measures will be implemented to entice consumer spending, with the format adjusted from the “Taste, Shop, Spend” and “Shopping for the Nation” schemes, with the core focus to stimulate taxpayer spending through tax […]
Read MoreThe National Bank of Cambodia (NBC) is continuing to accept small denomination US banknotes ($1, $2 and $5) “free of charge” from financial institutions, despite the August 31 deadline it had set out in May. The NBC made the comments as Cambodia’s largest microfinance institution, Prassac, announced internal discussions to deliberate the swapping of the […]
Read MoreThe consumer price index (CPI) fell 0.70% year-on-year in September, the Commerce Ministry said on Monday. The ministry said low energy prices and electricity bills had contributed to the 0.7% decline of the headline inflation, compared with the same period of last year. Core inflation, another gauge which excludes volatile food items and energy prices, […]
Read MoreMANILA, Philippines — Chronic weakness in global trade amid the pandemic continued to weigh on revenues generated by the Bureau of Customs, although collections were still enough to exceed the government’s tempered target in September. Customs raised P50.2 billion last month, beating the government’s downwardly revised P37.7-billion collection target by 33.2%, the agency said in […]
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Thailand
