The Excise Department has temporarily exempted tax levied on pure alcohol while the government has unlocked the requirement to free 3 million litres of alcohol left over from energy usage to encourage the manufacture of alcohol-based hand sanitisers to meet strong demand amid Covid-19 fears. The tax exemption only applies to pure alcohol used to […]
Read MoreAlthough Myanmar has not officially detected any COVID-19 carriers, the virus has wreaked havoc on the economy and could lead to full-blown economic crisis if not contained soon. The tourism sector has suffered from a stampede of cancellations beginning in China. Now, most tourists from all other countries have decided to stay at home. The […]
Read MorePrime Minister Hun Sen has signed a sub-decree to completely exempt export tax on rubber that is sold below the market price of $1,400 per tonne, adjusting from the previous $1,000 per tonne market rate. Mr Hun Sen said the export tax has been adjusted to assist local rubber plantations after calls from the private […]
Read MorePETALING JAYA: A survey conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER) is projecting gloomy domestic sales during the first-half of the year (1H20). According to the FMM-MIER Business Conditions Survey, manufacturers’ outlook for business in 1H20 is generally lacklustre, as uncertainties continued to weigh amid the […]
Read MoreVietnam’s e-commerce market is projected to hit VND 399.5 trillion (US$17.3 billion) in 2023, from VND 218.3 trillion (US$9.4 billion) in 2019, according to a forecast from data and analytics company GlobalData. This represents a compound annual growth rate of 16.3 per cent. GlobalData further found that Vietnam’s e-commerce market has doubled during the past […]
Read MoreMANILA, Philippines — The country’s banking industry is adequately capitalized to survive potentially crippling impact of certain events such as the rapid spread of the novel coronavirus disease 2019 or COVID-19, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the capital adequacy ratio (CAR) of local banks are much higher than […]
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Thailand
