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Thailand: Revenue eyes online vendors

The Revenue Department has started to send notification letters to online merchants that have income at the threshold of personal income tax liability. The objective is to integrate these people into the tax base, said director-general Ekniti Nitithanprapas. The response from online merchants who have received the notification letters has been mostly positive, said Mr […]

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Thailand: 2021 forecast sees upsurge in IPOs

Analysts expect a resurgence in initial public offerings (IPOs) next year, when many companies that delayed listing on the Stock Exchange of Thailand (SET) because of the pandemic are likely to offer shares amid renewed market enthusiasm. Chaiyaporn Nompitakcharoen, deputy managing director of Bualuang Securities, said market sentiment on the Thai bourses has already improved […]

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Cambodia: PPSP in legal dispute over power supply contract

Asiatic Group (Holdings) Ltd (AGHL), a Singapore Exchange listed company, has started arbitration proceedings against the Phnom Penh Special Economic Zone Plc (PPSP) seeking a minimum of $14.4 million in relief over a disputed power supply contract. A disclosure document submitted by AGHL on Thursday stated, “on June 30 2020, the Electricity Authority of Cambodia […]

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