MANILA, Philippines — The Philippines and China have signed an agreement that would fast-track cargo processes between the two countries in a bid to improve trade facilitation. During President Marcos’ state visit to China last week, the Bureau of Customs (BOC) and the General Administration of Customs of China inked a mutual recognition arrangement (MRA) […]
Read MoreThe Ministry of Economy and Finance (MEF) has started implementing the revenue-based taxation rules and procedures on commercial gambling businesses on the self-declaration regime since December 30, 2022, after the lump sum-based taxation method had been practised for several decades, said a senior official of the ministry. Commercial gambling businesses are also required to follow […]
Read MoreTourism operators are prepared for a wave of Chinese tourists in terms of hotel room capacity, public health hygiene and flight capacity, though demand remains unclear. The government confirmed on Thursday Chinese tourists will be exempted from RT-PCR Covid tests upon arrival, but will be required to buy Covid insurance to guarantee they have medical expense […]
Read MoreThe American multinational retail corporation Walmart has sought to work with the Ministry of Commerce (MoC) in studying the potential in Cambodia to expand its business operations in the market and to release more orders of international-standard goods from local suppliers in the Kingdom, according to a release by MOC. Anbinh Phan, a representative of […]
Read MoreMANILA, Philippines — British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) would curtail consumption, which is a major growth driver. James Cheo, HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia, said in a virtual press […]
Read MoreThe Chinese side has announced that it will completely resume the operation of border gates and paths with Vietnam in northern Lao Cai province from January 8, said Ha Duc Thuan, Vice Director of the Management Board of Lao Cai Economic Zone. Specifically, the Chinese side will re-open its border for people, vehicles and goods […]
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