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Laos: Govt tax breaks aim to spur investment in Xaysomboun

The government has introduced a tax break policy to attract more private investment in Xaysomboun to enable the province to catch up economically with other areas of Laos. The 12-page Decree on Economic Development Policy in Xaysomboun, signed by Prime Minister Thongloun Sisoulith, is being circulated among the sectors concerned. Deputy Minister of Information, Culture […]

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Myanmar: Central Bank Sells Out $3 Million

Central Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar.   On the same day, dollar was traded around K1,365-1,370 in the domestic market.   Myanmar Kyat against US dollar has been strong since the begining of 2020 and […]

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Thailand: Tax collection misses goal in October

The government’s tax revenue collection in the first month of fiscal 2021 fell short of its target by 15.4 billion baht or 8.5%, attributed to the impact of the pandemic. Kulaya Tantitemit, acting director-general of the Fiscal Policy Office (FPO), reported yesterday the government garnered net revenue of 167 billion baht in October, 15.4 billion […]

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Asean capital markets prioritise sustainable network

Asean Capital Markets Forum (ACMF) is prioritising transparency, regulatory harmonisation and capital building for its next five-year action plan, aiming to sustainably grow regional capital markets and support environmental, social and governance (ESG) transactions. Ruenvadee Suwanmongkol, secretary-general of Thailand’s Securities and Exchange Commission (SEC), attended the 33rd ACMF Chairs Meeting virtually yesterday to endorse five […]

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