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Myanmar import protection law to take immediate effect

Myanmar has moved to protect local producers from overseas competition as growth projections for the country’s economy are slashed due to COVID-19. The President Office released notification (83/2020) on July 1, stating that the Law of Protection from Increased Import Volume enacted in 2019 will take immediate effect. The law is expected to promote protection […]

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Shampoo is big business in Indonesian haircare market

SHAMPOO sales alone made up half of Indonesia’s 17.3 trillion rupiah (US$1.2 billion) haircare product market in 2019. And shampoo products are tipped to hit their peak market share in Indonesian by 2024, when the haircare market could be worth 25 trillion rupiah in all. Indonesians’ per capita consumption of shampoo products was higher than […]

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Thailand: Somkid rustles up larger SME loans

Deputy Prime Minister Somkid Jatusripitak has instructed related parties to set up a new mechanism to enable medium-scale business operators, particularly those in aviation and tourism, to seek a credit line exceeding 500 million baht from the central bank’s soft loan scheme to help them maintain employment. The new instrument is expected to take shape […]

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Vietnam closes in on tech app tax avoiders

Apple and Google are once again under fire over tax avoidance in Vietnam, with none of their revenues from their app markets being retained in the country. However, a new law could soon enable local authorities to take their cut. Local users have been paying sizable amounts of money to acquire and use applications offered […]

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