The Ministry of Finance has announced the State budget estimates for 2021, which target over VND1.34 quadrillion ($58.2 billion) in State budget revenue. Of the amount, more than 1.13 quadrillion VND is expected to be sourced from domestic collections, 23.2 trillion VND from sales of crude oil, 178.5 trillion VND from imports and exports, and […]
Read MoreThe government has pledged to subsidise part of the import fees for empty and used containers and has assigned the Office of Trade Competition Commission to monitor any possible monopoly by freight forwarders in a move to alleviate the container shortage for exporters. Speaking after visiting Bangkok Port in the Klong Toey area and talking […]
Read MoreAs revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. According to the GDCE’s announcement, signed by director-general Kun Nhem on October 13, the government will not […]
Read MoreThe Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the […]
Read MoreKUALA LUMPUR: The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said positioning the sector for recovery is in line with better economic outlook in 2021. “In our view, the undemanding sector valuations of 0.4 times […]
Read MoreThailand’s industrial estate sector has a neutral outlook based on prospects of growing inflows of foreign direct investment (FDI) into Asean economies and the progress of the Eastern Economic Corridor (EEC) project, says Tris Rating. FDI inflows are projected to resume in the post-Covid-19 era, supported by the region’s relatively strong competitiveness, said Tris. Asean […]
Read More
Thailand
