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Vietnam ministry proposes 5% cut of tax income for SMEs

The Hanoitimes – The finance ministry`s proposal is part of the government’s efforts to encourage business households to formalize and become enterprises. Vietnam’s Ministry of Finance (MoF) has proposed to reduce the corporate tax income (CIT) rate from the current 20% to 15 – 17% for small and medium enterprises (SMEs) in a move to buttress […]

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Grab to double Singapore staff to 3,000 in latest expansion

SINGAPORE (BLOOMBERG) – Grab, South-east Asia’s biggest ride-hailing company, plans to double its staff in Singapore to 3,000 by the time it moves into new headquarters next year. Grab signed an 11-year lease for new offices in a development by Ascendas Real Estate Investment Trust. The Singapore-based startup has a five-year renewal option and will […]

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Healthcare challenges increase as Thailand grows older

DEMANDS on the healthcare workforce will increase as Thailand’s population ages, according to research by KPMG Global yesterday. The research show that Thailand has become an ageing society with more than 10 million elderly people accounting for 10 per cent of the total population since the year 2014. On the other hand, children under the […]

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