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Thailand: Hua Hin Oct 15 reopening on schedule

Hua Hin is likely to be the only one of the five destinations scheduled to reopen to vaccinated tourists on Oct 15 to reach the required inoculation rate of 70% for residents. Tourism Authority of Thailand governor Yuthasak Supasorn said Hua Hin municipality and Nong Kae district are expected to reach the 70% vaccination target […]

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Philippines to import more rice next year

MANILA, Philippines — The Philippines is expected to further boost its rice imports next year to 2.2 million metric tons (MT) mainly due to improving economic conditions, according to the United States Department of Agriculture (USDA). In its latest grain and feed update, the USDA’s Foreign Agricultural Service (FAS) said it is revising upward its […]

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Thailand climbs in digital index

Bangkok Post – Thailand jumped 19 places from a year ago in a new global digital wellbeing study, but is still behind Malaysia and Singapore in Southeast Asia. The third annual edition of the Digital Quality of Life Index (DQL) ranks Thailand 44th among 110 countries, with Singapore sixth and Malaysia 31st. The top five, […]

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Thailand: Current account under pressure

We believe Thailand’s current account surplus will shrink from 3.5% of GDP in 2020 to 0% this year, with the risk of falling into a full-year deficit. For the year to July 31, the current account posted a US$9.3-billion deficit, compared with a surplus of $12.9 billion in the same period last year. This has […]

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Malaysia: Govt mulls capital gains tax on shares, one-off higher tax rate for businesses with windfall profits

KUALA LUMPUR (Sept 22): The government is contemplating and studying the implementation of a one-off higher tax rate to be imposed on companies that have generated extraordinary profits during the Covid-19 pandemic. Deputy Finance Minister II Yamani Hafez Musa, who was speaking in Parliament today, added that Putrajaya is also studying the implementation of a […]

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