The General Department of Taxation (GDT) has issued guidance concerning value-added tax (VAT) on sales of long-term tangible assets when businesses stop using these assets. The guidance provides that the application of VAT on the sale of long-term tangible assets will follow the following rules. A sale of long-term assets by an enterprise, including a […]
Read MoreThe Trade Ministry is trying to spur exports by small and medium enterprises (SME) by connecting them with potential buyers abroad through virtual business matching events. In a virtual meet-up in mid-May, West Nusa Tenggara-based brown sugar producer Gula Merah Lombok secured a purchase agreement worth Rp 529.8 million (US$37,000) with Bakso Rawit Ani Pty. […]
Read MoreKUALA LUMPUR (BLOOMBERG) – Malaysia’s largest pension fund is investing more overseas as it seeks to beat the 4 per cent to 5 per cent return it has been achieving. “We will definitely aim for that,” Alizakri Alias, chief executive officer of the Employees Provident Fund (EPF), said in a Bloomberg TV interview with Haslinda […]
Read MoreThe cabinet on Tuesday approved two stimulus packages worth 22.4 billion baht to revitalise domestic tourism which has been left reeling from the Covid-19 pandemic. The packages will start today and run until Oct 31, said deputy government spokeswoman Traisuree Taisaranakul. She said that originally there were three packages known as “Happiness-sharing trips”, “Let’s travel”, […]
Read MoreSINGAPORE – Prices of private homes slipped for a second straight quarter as demand was suppressed during the nearly two month-long circuit breaker period. Flash estimates from the Urban Redevelopment Authority (URA) on Wednesday morning (July 1) showed its overall price index for private residential properties declined 1.1 per cent in the second quarter from the previous three […]
Read MoreMANILA, Philippines — San Miguel Corp., the country’s diversified conglomerate, is optimistic its business will recover despite posting lower results in the first quarter of the year as a result of the coronavirus disease 2019 or COVID-19 pandemic. During the company’s annual shareholders meeting yesterday, SMC president and COO Ramon Ang said the company’s major […]
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Thailand
