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Garment Industry Owners Say Trade Status Withdrawal Would Hurt Four Million Cambodians

Withdrawing Cambodia’s tax-free entry into the European market would negatively nearly four million people, the Garment Manufacturers Association of Cambodia (GMAC) said Monday, as a monitoring period to determine eligibility for the trade scheme drew to a close. The European Commission on Feb. 12 launched a six-month investigation to determine whether the country’s exports should […]

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Laos: Illegal Currency Exchange Services Causing Price Hikes

A senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange services in Laos are openly flouting regulations, exacerbating the fluctuation of exchange rates, Vice President of Lao National Chamber of Commerce and Industry (LNCCI,) Ms Valy Vetsaphong said during a consultative meeting […]

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Thailand: Tax perk aims to help SMEs join digital wave

The Digital Economy Promotion Agency (Depa) plans to offer a 200% tax deduction for the purchase of smart devices, digital services, robotics and Internet of Things (IoT) devices by small and medium-sized enterprises (SMEs), in addition to software, starting next year. From 2017 to this year, SMEs have been entitled to tax deductions of up to […]

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