Tax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported. Tax collections from 2018 to date totaled nearly VND5,590 billion. The figure has increased over the years, with the collection growth rate at 130% from 2018 to 2021. The year […]
Read MoreMANILA, Philippines — The proportion of Filipinos either unemployed or out of business continued to drop in October, but the jobs being generated are low quality and do not pay enough amid rising cost of living. A nationwide survey of 43,641 households showed there were 2.60 million jobless Filipinos in October, translating to an unemployment […]
Read MoreMANILA, Philippines — The country’s economic managers expect to further reduce the share of the budget deficit to national output this year on the back of above-target revenue performance as the economy reopens. The Cabinet-level Development Budget Coordination Committee (DBCC) said it is looking at the fiscal deficit, when measured against gross domestic product (GDP), […]
Read MoreAeon Mall (Cambodia) Co Ltd and Aeon (Cambodia) Co Ltd will open its third shopping mall Aeon Mall Meanchey on December 15 with an edutainment concept along Hun Sen Boulevard in the south of Phnom Penh, said a release. The sprawling shopping mall has been built with Japanese investment and has been developed as a […]
Read MoreInvestment in sustainability has become crucial for enterprises as a response to both regulations and consumer demand, says SAP, a global enterprise application software provider. “Sustainability is critical for every single business. Asian firms, including those in Thailand, need to follow this trend, especially if they are manufacturing-based,” said Atul Tuli, managing director of SAP Indochina. […]
Read MoreMANILA, Philippines — The World Bank raised its gross domestic product (GDP) growth forecast for the Philippines this year after a stronger-than-expected performance in the third quarter, but cautioned that growth would slow next year, citing unfavorable developments in the global environment that could affect the domestic economy. In its Philippines Economic Update report, the […]
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