The Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in the country. The move comes as a number of countries in Southeast Asia enjoy the benefits of taxing tech giants that make earnings in their territory. Laos has quietly begun taxing non-resident e-commerce companies […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday. In addition to the RCEP free trade deal, Cambodia has bilateral free trade agreements with […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects job creation and wage offers to improve moving forward, as the passage of amendments to economic laws are seen enticing new investors into the Philippines. In an economic bulletin, DOF chief economist Gil Beltran said the changes made to the Foreign Investments Act (FIA), Retail Trade […]
Read MoreThe Vietnam Labor Federation has asked to increase the minimum wage from July 1, 2022, earlier than scheduled. Le Dinh Quang from the Vietnam General Confederation of Labor said that minimum wages have increased by 7.4 percent over the last five years, and if Vietnam increases them once after two years, it will be a […]
Read MoreThe government has high hopes the Eastern Economic Corridor of Innovation (EECi) will play a key role in helping Thailand develop its own technology to escape the middle-income trap. The middle-income trap is defined as a situation in which a country lifts its economy from a least-developed or low-income nation to a middle-income one, but […]
Read MorePETALING JAYA: Malaysia’s economic growth this year is expected to come in at 6%, driven by the opening of borders supporting tourism-related services, high vaccination rate and the government’s comfort with the transition of Covid-19 to endemic status that are combining to support recovery, according to Moody’s Investor Services. “Over time, we expect this will support […]
Read More
Thailand
