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Chinese FDI has flowed into real estate and construction, evidenced in developments such as these on Koh Pich. Sangeetha Amarthalingam
Is Cambodia poised for more FDI as neighbours face political, Covid-19 uncertainties?
Thu, 4 February 2021
As some Southeast Asian nations face internal issues, the Kingdom’s stability could be an attractive destination to investors, but institutional setbacks might turn them away
Days after the shock military takeover of Myanmar’s government and the imposition of a one-year state of emergency, some investors pulled the brakes on foreign direct investments (FDI) as sanctions by the US and India loomed.
One of them was Thai-owned industrial estate developer Amata Corp Public Co Ltd, which suspended its $1 billion project in Myanmar, fearing that the turn of events would put off investors, Nikkei Asia wrote on Monday.
Digital service tax misses point, ill-timed
Tuesday December 22 2020
Summary
The Sh2 billion the KRA is expected to raise from the Digital Service Tax may not only happen but has adverse effects.
In Kenya, the tax applies to almost all digital services, placing the country in a competitive disadvantage to attract digital investment.
Starting January 1, the Digital Service Tax will come into effect, as passed in the Finance Act 2020, payable at 1.5 percent of the gross transaction value of service due at the time of transfer of the payment to the service provider.
Now, there is an economic case of the need to expand the tax base by capping tax-avoidance. But taxing the digital economy is a complex policy issue world-wide, and countries are taking time to find the right fit.
Economic impacts of Covid-19 and steps to deliver firm recovery
Wednesday December 16 2020
By MBUI WAGACHA
Summary
In Kenya, although the CBK has its issues, our failure in public finances in the national and county governments is the phenomenal elephant in the room. It will hurt generations to come.
Covid-19 has not just hardened the fundamentals but also unveiled new highs in venality.
An intellectual colleague at the CBK once compared our reliance on people with little in knowledge-based policy-making reputations to leaving your root canals to amateurs and risking consequential pain, even death.
If we reprise economic recovery with the same poor competences as in the past, we’ll ditch the country.
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