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Thailand: Airlines told to work for lower tax

The Excise Department has proposed local airlines increase the frequency of flights to second-tier provinces to enhance tourism there in return for a reduction in the excise tax on jet fuel, its chief says. If the seven low-cost and full-service carriers want the Excise Department to cut the excise tax, they should offer proposals that […]

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Thailand: Salt tax aims to change behaviour

Instant noodles, snacks and seasoning powder have been targeted for taxation on salty foods, with the Excise Department likely to apply World Health Organisation (WHO) guidance on dietary sodium intake capped at 2,000 milligrammes per day as a benchmark to determine the levy rates. The tax rates must be high enough to prompt consumers to […]

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Myanmar: Regulation of gold market needed: trade body

The rules and regulations to control the sale gold through proper channels in Mynamar require strengthening says a senior official with the Myanmar Gold Entrepreneurs Association. “We are now trying to switch sales through illegal channels into legal ones. Control measures have been taken by the government, whether in the past or currently, but to […]

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Malaysian beneficiaries of US-China trade war

GEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict. Not all Malaysian electronic manufacturers will automatically gain from the conflict. The trade war has prompted multinational corporations (MNCs) in China to outsource production activities to South-East Asia. However, the […]

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Cambodia: GDCE’s revenue up 35 percent

Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 billion in revenue, the equivalent of 106 percent of […]

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Gojek co-founder resigns CEO post to join new Indonesian Cabinet

[SINGAPORE] Nadiem Makarim, co-founder of Indonesia’s first startup unicorn Gojek, has resigned as chief executive officer of the ride-hailing giant to take on a Cabinet post in the country’s new government. His appointment is in line with President Joko Widodo’s publicly stated preference to include professionals and millennials in his second-term team. Mr Widodo, commonly […]

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