The Ministry of Finance (MOF) has finally proposed a cut in luxury tax and VAT after advising that the environmental protection tax be cut to the floor level, to be applied from early August to the end of the year. The detailed tax cut scenario has not been disclosed and still needs the National Assembly’s […]
Read MoreSINGAPORE – Factory activity in Singapore clocked its 24th consecutive month of expansion in June, although growth slightly slowed compared with May. The June reading of the Singapore Purchasing Managers’ Index (PMI) came in at 50.3, 0.1 point lower than for the previous month, said the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday […]
Read MoreThe Kim Thanh II international border gate in the northern province of Lao Cai suspended import-export activities from today, July 4, after China discovered Vietnamese goods having the coronavirus. Ha Duc Thuan, deputy head of the Lao Cai economic zone management board, told Tuoi Tre that the Chinese side has yet to inform when the […]
Read MoreThe private sector on Monday pleaded for more government spending to boost the economy, as household consumption weakens due to high inflation. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) met on Monday and laid out the worrisome economic situation facing Thailand this year. It said the main risk was rapidly rising energy […]
Read MoreOnce approved by the National Assembly, the cut will take effect on August 1. The Vietnamese Government has proposed a further cut of environmental protection tax on petrol products by VND1,000 per liter and VND500 for diesel products, the largest margin possible, until late 2022. The proposal was mentioned in Government’s resolution No.82 proposing lower […]
Read MoreTOKYO — Economists have raised 2022 growth forecasts for Indonesia, the Philippines and Thailand as they expect growth in the first half of the year to be higher than forecast, thanks to a relaxation of COVID restrictions. However, there are downward revisions to forecasts for the latter half of 2022 for each country due to […]
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Thailand
