Senior finance officials of ASEAN+3 countries on Wednesday reviewed progress in the implementation of new initiatives under the strategic directions of the ASEAN+3 Financial Cooperation Process.
• Cambodia’s government issued its fifth stimulus package as the country continues to battle the economic impact caused by the COVID-19 pandemic. • The latest measures enhance the incentives offered in previous stimulus packages, such as providing laid-off employees’ monthly subsidies. • Further, businesses in the tourism industry are now exempted from paying taxes until September 2020.
The Philippines plunged into recession after its biggest quarterly contraction on record, data showed Thursday, as the economy reels from coronavirus lockdowns that have wrecked businesses and thrown millions out of work.
A revised free-trade pact between Japan and the Association of Southeast Asian Nations (Asean) facilitating the cross-border flow of services and investment came into force on Saturday.
The Cambodian Footwear Association (CFA), that six months ago employed 150,000 workers, and other domestic private sector representatives, are again appealing for exemption on the tax-free benefit withdrawal imposed by the European Union.
Indonesia's economy likely posted the biggest contraction in more than two decades in the second quarter, as measures taken to combat the coronavirus pandemic hit most sectors, a Reuters poll showed on Monday.
Gradual improvement in the purchasing managing indices (PMIs) across Southeast Asia shows some return to normalisation, but a sustained recovery is still far away, according to a report released by Barclays Research on August 3.
An online platform to help business players resolve cross-border trade issues in the Southeast Asia region has been met with a cold shoulder by the region’s economic community, a European Union (EU)-backed facility has shown.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
