INDONESIA’S decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (S$46 billion). It is also expected to take […]
Read MoreThe Hanoitimes – The foreign trade exchange has been enhanced and the rate of import and export over GDP is among the highest in the world. Throughout 74 years since the late President Ho Chi Minh proclaimed the Declaration of Independence, founding the Democratic Republic of Viet Nam, the country’s economy has overcome war legacies and […]
Read MoreExcise taxes on foreign liquor should be reduced from the current level of 60 pc to balance between deterring illegal imports and boosting tax revenues, U Bo Bo Oo, Pyithu Hluttaw MP from Sanchaung township told Parliament last week. “The special commodity tax should be reduced to prevent illegal trading and control the sale of […]
Read MoreCP Vietnam Corporation, a subsidiary of SET-listed Charoen Pokphand Foods Plc (CPF), expects 2019 revenue to grow by 10%, driven by higher purchasing power in Vietnam. Montri Suwanposri, president of CP Vietnam, said the market is rapidly expanding because of Vietnam’s GDP growth of 7-8% annually. The Vietnam government is investing heavily in megaprojects to […]
Read MoreWhile to many the world of cybersecurity may appear a baffling, convoluted worl d bristling with acronyms and jargon, the essentials require limited technological proficiency and provide certain guarantees against cyberattacks. The Cyber Security Asia 2019 conference kicks off in Phnom Penh on Nov 4 where a range of international experts from across Asia and […]
Read MoreThe Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged. VAT collection, an indicator of domestic consumption, was 0.5% lower than targeted for the […]
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Thailand
