The Trade Negotiations Department targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan. The department also aims to finish an information paper on the scope of the proposed FTA with the European Free Trade Association (Efta) next month. Efta comprises […]
Read MoreLaos has lowered its value-added tax (VAT) rate as part of the government’s post-Covid-19 economic recovery efforts. Under new regulations issued in December, the standard VAT rate has been reduced from 10 percent to seven percent, while also providing for more business activities that are exempted from VAT. Minerals and power-related activities will also now […]
Read MoreON Nov. 15, 2020, Association of Southeast Asian Nations (Asean) member states and its dialogue partners signed the Regional Comprehensive Economic Partnership (RCEP) agreement that is considered as the largest free trade deal in the world. The agreement is an economic treaty brokered by the Asean, of which the Philippines is a member, and its […]
Read MoreThe Tourism Authority of Thailand (TAT) is rolling out plans to target both the international and domestic markets despite a tepid start because of the threat from the Omicron variant. TAT governor Yuthasak Supasorn said Thailand needs to turn crisis into opportunity and use tourism to help transform the country after the outbreak. He said […]
Read MoreNINE out of 10 senior executives in real estate companies in Singapore have flagged rising inflation and interest rates as the top potential risk factor which may adversely impact market sentiment in the next half year, poll findings showed. This overtook rising construction costs, which had previously topped the list throughout the first 3 quarters of 2021 […]
Read MoreThe move is expected to help Vietnam better adapt to the current development trend of Industry 4.0 and enhance economic resilience against the Covid-19 pandemic. The Ministry of Planning and Investment (MPI) on February 14 announced the creation of a task force specialized in improving the business environment and national competitiveness. Vice Minister of Planning […]
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