Thailand’s retail industry is expected to edge up this year, but the growth rate will remain far behind overall economic growth. According to Jariya Chirathivat, president of the Thai Retailers Association (TRA), the retail industry will still stay flat in the third quarter of this year and gradually improve in the fourth quarter, which is the […]
Read MoreJAKARTA: Indonesia aims to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from Sept. 1, Renewable Energy Director General Rida Mulyana said on Wednesday, amid efforts to reduce the current account deficit in Southeast Asia’s biggest economy. President Joko Widodo in a cabinet meeting a day earlier said he […]
Read MoreGovernment departments are rushing to manage and regulate e-commerce for tax purposes, according to the Ministry of Commerce (MOC) and Internal Revenue Department (IRD). Currently, e-commerce businesses mostly use Facebook to promote or trade products. Meanwhile, other online platforms created specifically for online shopping are growing quickly in the local market, according to the Myanmar […]
Read MoreThe Central Statistics Agency (BPS) announced on Wednesday that the July inflation rate stood at 0.28 percent, safely within the 2018 state budget projection. The figure brings the year-to-date (ytd) inflation to 2.18 percent and 3.18 percent year-on-year (yoy). July inflation was slightly higher than the inflation figure in the same month last year, which […]
Read MoreThe government policy to cut the income tax for small and medium enterprises (SMEs) from 1 percent to 0.5 percent has been in effect since July 1, and a tax official has said the facility can be enjoyed starting Aug. 1 on the previous month’s sales. The reduced income tax facility applies to SMEs with maximum annual sales of […]
Read MoreFinance Minister Sri Mulyani Indrawati has said the ministry would study a request made by Tourism Minister Arief Yahya, to revise down the minimum amount tourists would need to spend in a store to get a tax refund. “We will study the request for a revision of the tax refund regulation,” Sri Mulyani said in Jakarta on […]
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Thailand
