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Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

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Vietnam: Hanoi to realize Regulation on electricity management and development

The Hanoitimes – The Hanoi People’s Committee released Decision No.11/2018/QD-UBND dated on issuing Regulation on electricity management and development in the Capital city. The Regulation aims to stipulate how to manage the implementation of planning, investment, construction and development of electrical works in Hanoi, as well as responsibilities of relevant agencies, organizations and individuals in power […]

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Thailand: Outcry prompts waiver of VAT on cryptocurrency trading

THE REVENUE Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). A law governing cryptocurrency transactions came into force on Monday, drawing criticism that it would prove an obstacle to technology startups that want to raise funds with the cheaper costs from initial […]

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Thailand: Crypto-tax ‘will hit economy’

Taxation threatens to hamper startups, sec is told, as it seeks to regulate digital assets NEW TAX measures aimed at curbing the Thai initial coin offering (ICO) market will adversely affect the economy as the measures could drive investors and entrepreneurs overseas, according to experts. The Royal Gazette this week announced a new set of […]

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Thailand: Govt to waive VAT on personal cryptocurrency earnings

The Revenue Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). A new law governing cryptocurrency transactions came into force yesterday (May 14). Saroch Thongpracum, the department’s director of legal affairs, said on Tuesday it would issue a regulation waiving the 7-per cent […]

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3m jobs to go if Thailand fails to navigate technology upheavals

THE country could lose as many as three million jobs over the next 20 years if it is unable to adapt to and use disruptive digital technologies, the Thailand Development Research Institute (TDRI) president, Somkiat Tangkitvanich, warned yesterday. At the TDRI’s annual conference, Somkiat said disruptive technologies could prevent the economy from growing at an […]

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