MANILA, Philippines — The government should tighten its tax watch on the private sector next year to make sure it collects revenues required to carry out recovery measures, economists said. Ateneo de Manila University economics professor Leonardo Lanzona said the government should use the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to force […]
Read MoreChina will reduce tariffs on a wide range of goods imported from nine countries starting Jan 1 in a major move to implement the landmark Regional Comprehensive Economic Partnership agreement, which will promote the growth of regional trade and investment, according to the Ministry of Finance. Following approval by the State Council, China’s tariffs on […]
Read MoreDomestic consumer spending has gradually recovered since the government started easing its lockdown and curfew measures in September. The country’s reopening for fully vaccinated foreign tourists on Nov 1 helped build up sentiment, as indicated by the consumer confidence index surveyed by the University of the Thai Chamber of Commerce (UTCC), showing a third straight […]
Read MoreThe Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities and benefits arising from the China-Laos Railway, reported Vientiane Times on December 17. Vientiane (VNA) – The Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities […]
Read MoreIn a move that could further sour relations between the world’s two largest economies, the US Congress last week agreed on legislation aimed at punishing China for the alleged oppression of Uighur Muslims. The Uighur Forced Labor Prevention Act, passed by a unanimous voice vote on Dec 14, will make the US the first country […]
Read MoreVietnam has many opportunities to enhance exports to the European and American markets but logistic issues are causing bottlenecks to this potential. Deputy Minister Ministry of Industry and Trade Do Thang Hai addressed a conference yesterday, entitled “Development of Viet Nam’s logistics industry with Europe – America region”. He said that the local logistics industry […]
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Thailand
