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Cambodia: Tax dept rejects request for delay in returns

The General Department of Taxation (GDT) has rejected a request to extend the deadline for the submission of annual tax on income (TOI). However, it will allow the temporary suspension of in-person meetings for tax registration and audits following a new coronavirus outbreak. In a letter signed by Kong Vibol, director-general of the taxation department, […]

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Unpacking Vietnam’s 2021-25 five-year plan: Fitch Solutions

The Hanoitimes – Key goals include continued strong economic growth, driven by manufacturing, and supported by a further integration into global supply chains through the pursuit of trade pacts and export market diversification. With Vietnam’s 2021-25 five-year plan indicating a continuation of the current economic development model, the country is set to maintain an average growth […]

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Thailand: Songkran splashing likely to be banned

The small Covid-19 panel will likely propose a ban on all forms of water splashing, use of powder paste and foam parties during the Songkran festival in April. Khao San Road, one of the popular splashing sites, may also be closed, Culture Minister Itthiphol Kunplome said after the cabinet meeting on Tuesday. The decision to […]

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Cambodia’s exports to Vietnam increase

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control  to fight the pandemic. Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million. Cambodian imports from Vietnam decreased by 3.1 percent to $2,633 million. Bilateral trade between the countries […]

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Philippines: Opportunities in pandemic, says CEO

MANILA: Jollibee Foods Corp, the largest Philippine restaurant operator, is looking toward foreign expansion and “opportunities” created by Covid-19 as it rebounds after historic losses induced by the pandemic. After a restructure amid last year’s setback, Jollibee CEO Ernesto Tanmantiong plans to open 450 restaurants around the world this year while looking for acquisitions that […]

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