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Thailand: FTI wants election results

The Federation of Thai Industries (FTI) is urging government agencies to announce election results soon in order to expedite the creation of a new government and ward off investor fears of post-election instability.  “As the private sector, we expect to see new developments to form a coalition government very soon because any longer would lead to […]

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Brunei: Export promotions take businesses on correct journey

DIRECTOR of Malaysia External Trade Development Corporation (MATRADE) Sabah Noor Azian binti Romlan addressed the need for export promotion through avenues such as local and overseas events, trade fairs, trade and investment missions as well as market visits. Delivering her keynote presentation on ‘The Basics: Building an Export-Oriented Business’, she highlighted what companies need to […]

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Thailand: Rate rise still an option, warns BOT

THE Monetary Policy Committee (MPC) of the Bank of Thailand (BOT) is keeping open the option of another rise in its policy rate amid concerns over the country’s financial stability. BOT senior director Don Nakornthab said that, based on the decision to keep the benchmark interest rate unchanged at the MPC’s last meeting, it would […]

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Indonesia: Government cancels e-commerce tax regulation

The Finance Ministry has revoked a regulation on tax treatment for e-commercetransactions amid pushback from digital economy players. Finance Ministerial Regulation No. 210/2018, which was signed by Finance Minister Sri Mulyani Indrawati on Dec. 31, was originally meant to be enforced on April 1. It mandates online marketplaces to collect several pieces of information, such as tax numbers (NPWP) and […]

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Myanmar: CBM again issues detailed rules to banks

The Central Bank of Myanmar has reiterated its commitments to ensuring stronger enforcement of banking rules and regulations in the country. On March 25, the CBM again issued instructions covering five directives on banking governance and statistics. To strengthen the country’s financial sector, Financial Institutions Law was introduced January 2016. CBM has now five detailed […]

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Laos, Vietnam to continue labour development cooperation

Lao and Vietnamese authorities have confirmed that they will continue to cooperate to develop labour skills in Laos and protect workers’ rights in the two countries. Participants at the annual Laos-Vietnam Labour and Social Welfare meeting in Vientiane yesterday reached consensus on a number of measures to promote bilateral labour ties which mainly focus on […]

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