The Excise Department has announced that taxes on sugary drinks will double from October 1, with beverages containing 10 to 14 grams of sugar being taxed at Bt1 per 100 millilitres instead of Bt0.5 per 100ml, adding that this tax will not be passed on to consumers despite the higher cost of production. Nattakorn Utensut, […]
Read MoreIN 2018, Malaysia had its first change of government since independence from the British over six decades ago. Hopes were high on the newly elected government, expecting radical changes and improvements in governance. An area of concern is youth unemployment which was at 10.9% in 2018 from 9.9% in 2011 when compared to the total […]
Read MoreThe Excise Department has unveiled an old plan to tax salty foods by setting a ceiling at 2,000 milligrammes per day of sodium as a benchmark to determine the levy rates, a senior official says. Imposing a tax on foods containing high sodium levels follows a similar practice for sugary beverages, said Nattakorn Utensut, deputy spokesman […]
Read MoreThe Central Bank of Myanmar (CBM) will consider further liberalising interest rates and allow private banks more freedom to set their own rates to be more competitive, U Soe Min, deputy governor of the CBM told Parliament on Monday. The CBM will seek assistance and advice from the International Monetary Fund in doing so and […]
Read MoreTECH industry stakeholders like to harp on the percentage of all retail sales that e-commerce accounts for year-on-year. Unless referring to the United States, where the Census Bureau says it’s around 11 per cent, or China, where eMarketer believes it’s now a whopping 35.3 per cent, this is usually a low single-digit number. South-east Asia […]
Read MoreSINGAPORE resale condominium and apartment prices remain unchanged for the month of August, while volume of sales fell, according to monthly figures from real estate portal SRX Property released on Tuesday. Overall condo resale prices remained unchanged in August from the previous month. July had seen a 0.5 per cent decline from June, which also […]
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Thailand
