Cambodia has seen a rise in the number of financing institutions in recent years, with dozens setting up shop in the Kingdom to offer credit to consumers and commercial customers alike. As a result, total credit has increased steadily, with consumer credit growing by a staggering 45% since 2016 Although recent statistics show that consumer […]
Read MoreMANILA, Philippines — Several business groups joined the call of Philippine economic managers for fiscal prudence, more dialogues and a well-considered approach in the proposed shift to federalism. Last Sunday, seven business groups expressed support to the country’s economic managers who ruged the Congress to weigh the costs and risks involved on the proposed shift from […]
Read MoreKUALA LUMPUR: The International Trade and Industry Ministry (Miti) expects Malaysia to be impacted by the financial crisis in Turkey. Minister Darrel Leiking, however, said that the ministry would ensure Malaysia’s trade with Turkey remained protected and would come up with solutions to help industries potentially affected by the crisis. “Whenever there is a financial […]
Read MoreTHE turmoil in Turkey’s financial markets presents only a limited threat to Thailand, according to the Bank of Thailand (BOT), but some analysts see the fallout for emerging markets causing moderate falls in the baht and the country’s trade surplus. Chantavarn Sucharitakul, BOT assistant governor, said that the central bank has been monitoring developments in […]
Read MoreThe Finance Ministry is accelerating the ongoing revision of the value-added tax (VA) refund for tourists to gain benefit from the visit of foreign athletes, officials and spectators of the Asian Games 2018, which will take place from Aug. 18 to Sept. 2 in Jakarta and Palembang. “We want to complete the revision as soon […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth rate could be cut by 1.3% over the next two years, if the trade war between the United States and China continues to escalate and eventually leads into a global financial shock. CIMB Group chief economist Donald Hanna, who warned that the worst is yet to come, pointed […]
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