The General Department of Taxation (GDT) on Thursday said back payments of seniority indemnity for Cambodian employees are tax exempt, while employers can also deduct the payments from their income taxes. The GDT’s instruction circular, signed by Cambodian Minister of Economy and Finance Aun Pornmoniroth on April 11 and released on Thursday, also says that […]
Read MoreAs foreign retailers enter the domestic market, the government should work to ensure a level playing field, said local retailers. During the Private Sector Development Committee meeting with President U Myint Swe on April 27, Daw Su Hlaing , Secretry of Myanmar Retailers Association, voiced concern for the survival of local retailers in the face […]
Read MoreSingapore employees are optimistic about the new opportunities workplace automation will bring, although they remain apprehensive about having to change the way they do their jobs. According to a ServiceNow report that gathered insights into workers’ attitudes and experiences with workplace automation across 12 countries, Singapore employees are excited about the opportunities that come with workplace automation, believing that automation […]
Read MoreAsia is the powerhouse of today’s retail industry, thanks to its strong sales growth and world-leading adoption of internet shopping. Roughly half of all retail growth in the world will come from Asia in the coming five years, with online sales accounting for 70% of the region’s growth from 2018 to 2020. However, it is not […]
Read MoreMANILA, Philippines — The rise in oil prices is not yet considered a big threat to economic growth in the succeeding quarters as the increases remain gradual, the National Economic and Development Authority (NEDA) said. “It has less of an effect than food prices, food price inflation is more deleterious to inflation in general than […]
Read MoreTourism operators have been advised to speed up marketing plans to encourage people to travel domestically and gain from a short-lived tax perk recently approved by the cabinet. “As the tax measure will last for only two months through June, it is necessary for tour operators to quickly publicise the incentive deals to customers,” said Phuriwat […]
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Thailand
