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Thailand: Reeling plastics industry seeks state help

Thailand’s plastics industry, plastic reprocessors and related industries are calling for the government to provide assistance following the campaign banning plastic bags at major retailers in the country. “The government must have a short-term measure to assist the industry, which is not ready to adjust its business to the no-plastic campaign,” says Apiphop Phungchaikul, deputy […]

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Singapore economy grew just 0.7 percent in 2019

Singapore’s economy, a closely watched barometer for the rest of Asia’s export-driven countries, grew just 0.7 percent last year as the US-China trade war hammered global markets. The city-state has traditionally been the first among Asia’s economies to be affected during a downturn, and the country narrowly escaped tipping into recession in the third quarter. […]

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Philippine, Cambodia working on double taxation deal

MANILA, Philippines — The Philippines and Cambodia are conducting negotiations for an agreement which seeks to prevent double taxation on individuals or companies covered by both jurisdictions, according to the Department of Finance (DOF). According to the DOF, both countries may soon reach an agreement on double taxation following the second round of negotiations between […]

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