Commercial affairs officials in overseas offices have been told to adjust the way they work to function more as honorary salesmen in cooperation with the private sector to help tackle export obstacles to drive shipment growth this year. Speaking at a dinner talk on the “Thai Economic Strategy Under the New Government” organised by the […]
Read MoreMeasures recently launched by the Bank of Thailand to stem speculative capital inflows have reduced hot money in the system, says a senior central bank official. After the central bank applied the measures to curb such inflows in July, foreign investors allocated their portfolio assets more cautiously for fear that policymakers would impose additional measures, […]
Read MoreHANOI: Vietnam received US$11.96bil in foreign direct investment (FDI) in January-August, up 6.3% from the same period a year earlier, the Planning and Investment Ministry said. However, FDI pledges – which indicate the size of future FDI disbursements in the January-August period – fell 7.1% from a year earlier to US$22.63bil. Of the pledges, 69.6% […]
Read MoreThe government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]
Read MoreMANILA, Philippines — The immediate passage of the CITIRA (Corporate Income Tax and Incentives Rationalization Act) bill and the further easing of restrictions on foreign investments will enable FDI to recover after the record slowdown in May, economic managers and bank economists said yesterday. Net FDI inflows plunged 85 percent in May, the lowest in […]
Read MoreThe Customs Department intends to extend Pre-Arrival Processing (PAP) service, which transmits customs declarations and import documents to customs authorities electronically before the goods arrive in the destination country for cross-border land transport. The PAP streamlines customs processes, facilitates trade and will help raise the country’s ranking in the World Bank’s Ease of Doing Business […]
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Thailand
