Sizable private sector debt, concentrated economic activities, relaxed underwriting standards and a very weak payment culture could result in the credit risk in the economy to remain extremely high, S&P Global Ratings said in a report yesterday. It found the economic risk in Cambodia’s banking system is to stay high by global standards with an […]
Read MoreThe Cabinet yesterday approved the return of value added tax (VAT) to consumers buying products through debit accounts despite the move will to cost the government Bt9 billion in lost revenue. The programme will run from February 1 to February 15 next year. Finance Minister Apisak Tantivorawong said the Cabinet agreed with the return of […]
Read MoreThe mandatory distribution of a 20 percent blend of biodiesel ( B20 ) that was launched in early September has not reduced diesel fuel imports. Imports in November even increased to 845,082 tons, 26.10 percent higher than the figure in October, according to the data issued by Statistics Indonesia (BPS). BPS statistics distribution director Anggoro […]
Read MoreKUALA LUMPUR: Global investors have regained confidence in Malaysia and its currency after the surprise victory of the Pakatan Harapan in the recent general election, says S&P Global Ratings. The rating agency, in its latest report, said nearly one in five (20.5%) polled intend to increase their exposure to the ringgit, up considerably from six […]
Read MoreThe Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]
Read MoreThe Cabinet on Tuesday approved the Finance Ministry’s proposal of a 5-per-cent value-added tax refund for all shoppers during the Chinese New Year in February. The government will give shoppers the VAT refund when they purchase goods from February 1 to 15. The current VAT rate is 7 per cent. To take advantage of the […]
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Thailand
