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Cambodia – Economy to grow by 7 percent in 2018: IMF

According to the latest forecast from the International Monetary Fund (IMF), Cambodia economy will grow by 7 percent this year on the back of higher public spending and steady growth in construction and tourism. The IMF’s forecast is slightly higher than the figure released by the Cambodian government, which set growth at 6.9 percent. Data […]

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Vietnam: Specific criteria defining SMEs

The Hanoitimes – The Government has issued Decree No.39 on March 11 to specify criteria of small and medium-sized enterprises (SMEs). The Decree is aimed to clarify some clauses of the Law on assistance for SMEs, for which, SMEs are divided into micro, small and medium enterprises.  Business lines of SMEs are based on Vietnamese laws […]

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Malaysia: Tax on social media giants under study

THE Ministry of Finance is conducting a detailed study on the proposed taxation on giant technology companies and social media such as Google and Facebook. Second Finance Minister Datuk Seri Johari Abdul Ghani said the matter was out of necessity, as well as to seek the best taxation mechanism and model. “It is also aimed […]

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