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Thailand: Labour recall costs hit home

Thai restaurants, in particular small and medium-sized ones, are seeking help from the government with the cost of bringing back foreign staff who fled across the border following the initial launch of a new labour law last month. After an outcry from businesses, the implementation of the new Royal Decree on the Recruitment of Foreigners was delayed […]

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Asean firms win bid to supply rice to Philippines

MANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]

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Invest Malaysia draws 900 fund managers

KUALA LUMPUR: Invest Malaysia 2017 (IM 2017) has attracted about 900 fund managers with total assets under management (AUM) of US$19.9 trillion, a significant increase from US$11 trillion last year. Bursa Malaysia Bhd chairman Tan Sri Amirsham Abdul Aziz said IM 2017 marked the 13th year that the exchange had organised the nation’s premier conference to […]

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Cambodia: IMF urges boost to tax system

Cambodia’s economy continues to perform strongly, but the government will face rising spending pressures that need to be tackled by enhanced revenue collection through more stringent tax measures to contain near-term deficits, the International Monetary Fund (IMF) said yesterday at the conclusion of its annual Article IV consultation. “Cambodia over the medium term faces several […]

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Improve implementation of tobacco tax policies, ASEAN urged

HANOI — ASEAN governments should do more to make their tobacco tax policies more effective, not only for health reasons but also for the budget generation. This was the recommendation under the tobacco tax index issued by the Southeast Asia Tobacco Control Alliance (SEATCA). The index was released during a regional workshop on strengthening tobacco […]

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Vietnam wins Philippines rice contract

HANOI — Vietnamese businesses won a contract to supply 175,000 metric tonnes (MT) of rice to the Philippines via an open tender for 250,000 metric tons of government’s rice importation, which was organised by the National Food Authority (NFA) in Quezon City on July 25. The news was confirmed by Chairman of the Vietnam Food Association Huynh The […]

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