MANILA, Philippines — Easing COVID restrictions may further improve the operating environment and slow the growth of problem loans of Philippine banks, according to Moody’s Investors Service. In its latest banking system outlook for the Philippines titled “Recovering Economy and Profitability Support Stable Outlook,” Moody’s maintained the stable outlook for the country’s banking system. With […]
Read MoreThe retail prices of regular-grade petrol and diesel were both lowered by about 3.8 per cent on April 11, according to a Ministry of Commerce notice. For the April 11-20 period, the retail selling prices of fuel in the Kingdom have been set at 5,050 riel or $1.25 per litre of regular EA92 – petrol […]
Read MoreMANILA, Philippines — The current supply of sugar in the domestic market may no longer be enough by June, prompting the government to defend its plan to push through with the importation of the commodity. In a statement, the Sugar Regulatory Administration (SRA) defended its order to bring in 350,000 metric tons of sugar, a […]
Read MoreThe Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market. Finance Minister Arkhom Termpittayapaisith on Monday insisted the ministry will go ahead with its tax collection plan, saying this year is the right time to execute it. The […]
Read MoreBilateral trade between Cambodia and the US in the first two months of 2022 rose 50.0 per cent year-on-year to $1.781 billion from $1.187 billion, data from the US Census Bureau (USCB) showed on April 11. Cambodia’s exports to the US in January and February totalled $1.7175 billion, up 53 per cent from $1.120 billion […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has asked local governments to adjust their real estate taxation as they are losing billions in resources because of outdated valuation of properties. Finance Secretary Carlos Dominguez said legislating real property valuation reform would allow local governments to collect the right taxes by updating the schedule of […]
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Thailand
