Tens of thousands of enterprise-sized small businesses in Vietnam remain reluctant to upgrade their business status for fear of being caught up in red tape and subject to unfavorable tax conditions. Most of these so-called ‘household businesses’ currently pay less than a few million VND per month in poll taxes, despite earning significant revenues. [VND1 […]
Read MoreMANILA, Philippines – Investment pledges approved by the Board of Investments (BOI) climbed by 10 percent in the first quarter on the back of slew of a new construction and manufacturing projects in the country. The value of the investment commitments reached P67.97 billion from January to March, up 10 percent from P61.94 billion in […]
Read MoreTEMPO.CO, Jakarta – The government is planning to increase the use of new renewable energy for electricity by 2025. The Electricity Provision Business Plan (RUPTL) 2017-2026 signed in March says that the uptake of new renewable energy will be increased from 19.6 percent to 22.6 percent by 2025. The government will optimize local energy sources […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) rose 4.7% in February from a year ago, underpinned by the manufacturing sector, but the growth was below a Bloomberg forecast of a 6.1% growth. The Statistics Department said on Tuesday the growth in February 2017 was driven by positive expansion in manufacturing (6.5%), mining (0.4%) and electricity […]
Read MoreBusiness leaders are urging the government to take action over the Thai baht’s appreciation before it hurts Thai exports. Chen Namchaisiri, chairman of the Federation of Thai Industries (FTI), said the strong baht is becoming a concern for businesses. Speaking at a meeting of the Joint-Standing Committee on Commerce, Industries and Banking (JSCCIB), Mr Chen […]
Read MoreA Myanmar Payment Union (MPU) system for trade-related payments between the Ministry of Commerce and traders involved in export and import has been recently finalised, according to U Khin Maung Lwin, assistant secretary at the ministry. “It is mainly for payment of licence fees to the Ministry of Commerce. Currently, [businesspersons] have to go to […]
Read More
Thailand
