Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam. At a meeting between the Prime Minister and foreign invested enterprises (FIEs) held on September 17, many foreign corporations showed their plans for research […]
Read MoreThe weak baht could benefit the tourism industry as foreign purchasing power gains value, though it might not be enough to offset high airfares, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, president of THA, said currency depreciation is just one of many factors helping to make the Thai tourism industry more attractive in […]
Read MorePETALING JAYA: DHL Express will increase its rate in Malaysia by an average 7.9% effective Jan 1, 2023, compared with 2022. DHL Express Malaysia managing director Julian Neo (pix) said so far, 2022 has been another turbulent year with a volatile market environment challenging global trade. However, it has proven its ability to offer stable […]
Read MoreThe tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders. Le Mai Anh, Vice Chairman of the e-commerce solution provider Smart OSC, said that his firm has 1,000 employees on the payroll and it needs about 500 new ones every year. The firm has relied […]
Read MoreThe Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity. The source said the Fiscal Policy Office studied the two-tier VAT system a long time ago. The system uses the current VAT rate of […]
Read MoreDC: An International Monetary Fund (IMF) team led by Alasdair Scott held meetings with the Cambodia authorities for the 2022 Article IV consultation [1] during September 7-20, 2022. At the end of the mission, Scott said that “The Cambodian economy has been recovering, but faces new challenges. “GDP growth rebounded in the second half of […]
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Thailand
