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Deep dive into Thailand’s EV perks package

The government recently approved an array of incentives, including lower excise tax and import duties on significant auto parts, in a bid to make electric vehicles (EVs) more appealing to both car buyers and manufacturers. What are the incentives for EVs? The incentives recently approved by the cabinet aim to promote domestic manufacture of EVs […]

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Cambodia: Garment sector strategy ‘due soon’

A development strategy designed to transform the Cambodian garment trade into a dynamic, diversified, high-value and competitive sector – with a focus on the upskilling of factory workers – will be launched soon, a senior finance ministry official said on February 18. Ministry of Economy and Finance secretary of state Phan Phalla made the remark […]

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Thailand: Long-stay visa to waive personal income tax

The cabinet has approved waiving personal income tax for three foreign groups of taxpayers: high-income earners, retirees and those who want to work remotely from Thailand, said Finance Minister Arkhom Termpittayapaisith. Mr Arkhom said on Tuesday that the beneficiaries would be considered investors in Thailand as required by the government offering them long-term residence (LTR) […]

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Vietnam remains attractive medium and long-term investment destination

Japanese businesses view the Vietnamese market an attractive investment destination in the medium and long run, according to Toru Aguin, chief representative of Japan Bank for International Cooperation (JBIC) in Vietnam. JBIC has recently conducted a survey on the investment environment in 2021 involving the participation of 515 Japanese enterprises currently investing in the country. […]

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Flights Resume Between Laos and Vietnam

Vietnam has resumed flights between Laos and 18 other countries as it reopens to tourism. According to VietnamNet, the country now has active routes between Vietnam and China, Japan, South Korea, Taiwan, Singapore, Thailand, Cambodia, Laos, Australia, Germany, France, the United Kingdom, the United States, Hong Kong, Malaysia, Turkey, Qatar, and the United Arab Emirates. Vietnamese […]

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Thai GDP growth beats estimates, inflation pace revised up

[BANGKOK] Thailand’s economy grew faster than expected last quarter, buoyed by rising exports and tourist arrivals, firming its recovery as it faces risks this year from inflation and the Omicron variant. Gross domestic product (GDP) during October-December rose 1.9 per cent from a year ago, the National Economic and Social Development Council (NESDC) said Monday […]

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