A majority of population in provinces in which National Bank of Cambodia (NBC) had organised riel promotion events have started using the national currency in their daily economic activities compared to the usage of foreign currencies, said a senior NBC official. Last year Chea Serey, NBC’s Deputy Governor, spearheaded a team to promote riel usage […]
Read MoreBanks are cautious about growth for 2023 when preparing business plans to submit to their annual general meetings of shareholders (AGM) this month. HÀ NỘI — Banks are cautious about growth for 2023 when preparing business plans to submit to their annual general meetings of shareholders (AGM) this month. If last year saw a record high in profit of the […]
Read MoreBANGKOK: Thailand’s decriminalisation of cannabis has delighted its fans, alarmed some health experts and has increasingly disappointed farmers who have been undercut by illegal imports, sending a promise of a new bonanza crop up in smoke. Marijuana has also become an election football, with the opposition criticising the ruling pro-military coalition in the run-up to […]
Read MoreThe Digital Content Creation Alliance (DCCA) at the Vietnam Digital Communications Association (VDCA) has recommended a zero value added tax, or VAT, on digital service revenues generated from foreign markets. Nguyen Viet Tiep, tax senior specialist at DCCA, said local individuals and businesses monetizing in the global digital content market are being subject to “tax […]
Read MoreMANILA, Philippines — Local factories slowed down in March as operating costs continued to turn expensive but some reprieve is on the horizon as inflationary pressures eased. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, grew at a softer clip of […]
Read MoreThe local insurance industry posted continuous growth over the past decade, reflecting increasing consumer demand and awareness of the importance and benefits of insurance in protecting their well-being. SINGLE-DIGIT GROWTH According to the Thai Life Assurance Association (TLAA), the industry is expected to post 0-2% growth in gross written premiums (GWP) this year, while first-year premiums are […]
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Thailand
