The Revenue Department plans to propose to the finance minister revising the value-added tax (VAT) payment law for businesses buying scrap iron for recycling as some firms are issuing fake VAT invoices, says director-general Lavaron Sangsnit. Mr Lavaron said he would propose downstream smelters in the steel trade be the parties issuing VAT invoices for purchases […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees the possibility of a smaller rate hike next month as inflation likely eased in February from a fresh 14-year high of 8.7 percent in January. BSP Governor Felipe Medalla, in an interview with reporters on the sidelines of the Bankers Night 2023 last Friday, said […]
Read MoreCambodia’s export to South Korea has increased significantly thanks to the bilateral free trade agreement, which was put into force last December. Cambodia exported some 44.3 million worth of goods to South Korea in January this year, 39.7 percent compared to January last year, the Korea International Trade Association’s report said last week. Import from […]
Read MoreViệt Nam is very likely to benefit from the upward trend in rice prices which is fueled by limited supplies and a shift away from the Indian supply. HÀ NỘI — Decreasing input costs as Europe eases sanctions against Russia and increased fertiliser supply will benefit rice export businesses, said Vietcombank Securities Company (VCBS). A […]
Read MoreThe value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish. The goal is to double per-capita gross domestic product […]
Read MorePETALING JAYA: While inflation appears to remain sticky in many countries, Malaysia’s headline inflation in January fell for the fifth straight month to 3.7% year-on-year (y-o-y), amid the implementation of the Festive Season Maximum Price Scheme for the Chinese New Year starting from Jan 15 to Jan 29. The weaker figure, economists think, will allow […]
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Thailand
