NIBONG TEBAL: NTPM Holdings Bhd is investing over US$30mil to expand its tissue paper production facilities in Malaysia and Vietnam for the 2019 financial year. Group managing director Lee See Jin said the bulk of the budget, about two thirds, went towards the expansion of the Vietnam facility. “The new production line for the Vietnam facility, which is being installed currently, would be ready […]
Read MoreThe government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totaled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP is […]
Read MoreBangkok ranks third among the top cities for visitors’ food and beverage spending and sixth for spending on shopping, according the Mastercard’s Global Destination Cities Index (GDCI) 2018. The index ranks 162 cities in terms of total international overnight visitors and the amount spent by them in 2018. The index ranked the Thai capital as […]
Read MoreE-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions. Having been approved by the Law and Human Rights Ministry and signed by Finance Minister Sri Mulyani Indrawati, the new e-commerce tax regulation will come into effect on […]
Read MorePrime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, Hun Sen revealed a series of trade facilitations and […]
Read MoreHCM CITY — Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies. The proportion of logistics fees to GDP in Japan is 11 percent, while it is 10 percent in the EU, according […]
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Thailand
