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Thailand competitiveness ranking drops 2 spots to 40th place

Thailand’s competitiveness ranking for 2019 has dropped two spots from 38th to 40th among 141 world economies, despite the government’s Thailand 4.0 programme. The World Economic Forum’s Global Competitiveness Index rankings for 2019 were announced on Wednesday (October 9) at the Chulalongkorn Business School. The drop occurred despite the Thailand 4.0 programme, noted Ass’t Professor […]

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Amazon, Facebook face Thai tax crackdown in latest backlash

The government is considering forcing online giants such as Amazon.com Inc and Facebook Inc to collect value-added tax on e-commerce sales, echoing an Indonesian clampdown on transactions that skirt the levy. Cross-border purchases by Thais routed through global online marketplaces, as well as booming domestic sales in the so-called social-commerce sector, should incur the tax. […]

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Vietnam: New guidelines on incentives for investments at industrial or economic zones

In August, the Ministry of Finance issued Circular No. 43/2019/TT-BTC (“the Circular”), passing new guidelines on incentives for investments at industrial or economic zones stated in Decree No. 82/2018 / ND-CP. The reform took effect on August 26, 2019. The Circular provides details on tax incentives for enterprises that have investment projects in Vietnam’s industrial and economic […]

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South-east Asia scoops up Golden Week tourists from China

SOUTH-EAST Asian stores are becoming more popular with tourists from mainland China during Golden Week festivities, according to Chinese e-wallet provider Alipay. Asean made up half of the top 10 destinations by transaction volume, during the week-long holiday that began with China’s National Day on Oct 1, compared with three in the year before. Newcomers […]

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