Laos will implement new income tax rates for businesses and employees on February 17, in a move to improve tax compliance as well as boost productivity. The new Income Tax Law (Tax Law No. 67/NA), which will replace Tax Law No. 70/NA issued in 2015, will lower the profit tax rate for small, medium, and […]
Read MoreThe retail market in many countries, including Thailand, is facing a tough time. And although the Thai retail market still has room to grow, the upward trend may last for only a few more years. Online shopping is the main factor directly affecting the retail business. Many retail operators and property developers are thus trying […]
Read MoreFour Cambodian factories produced 7.89 million tonnes of cement in 2019, allowing the nation to reduce the amount of imports feeding the booming construction sector, according to a report by the Ministry of Mines and Energy. The National Bank of Cambodia’s Macroeconomic and Banking for 2019 Report and 2020 Outlook, stated that in 2019 cement […]
Read MoreMANILA, Philippines — The Philippines is expected to maintain its status as the world’s biggest rice importer even as it decides to import less rice this year. This year, the country is seen importing some 2.5 million metric tons of rice, 13.8 percent lower than the previous year. “Global trade is down with lower estimates […]
Read MoreThe Hanoitimes – Nearly half of German companies thought measures taken by the Vietnamese government to restrict the virus are timely and represent their interests. Up to 76% of German companies have confirmed that the Covid-19 (nCoV) epidemic effected their activities in Vietnam since the coronavirus broke out in December 2019, a survey by the German […]
Read MoreMyanmar will take measures to ensure that overseas demand for locally made goods remains elevated even as cheaper imports from the region are expected to rise now that the country will participate further in the ASEAN Free Trade Area (AFTA). This should also keep the country’s trade deficit, which was down to US$627 million in […]
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