The cabinet has approved an extension of a 25% corporate tax exemption for bio-plastic industry companies in order to promote Thailand as an Asean bio-hub. Rachada Dhnadirek, the deputy government spokeswoman, said the cabinet approved the proposal to extend the tax exemption until 2024. The government is projected to lose 673 million baht in revenue […]
Read MoreDespite the challenges of Covid-19, local apparel and textile suppliers have cut energy and water consumption through a range of sustainable solutions under an IFC program. The program aims at increasing resource efficiency and reducing operating costs. As part of the IFC’s Cambodia Improvement Program, ten suppliers with cut-and-sew and garment-washing operations implemented resource efficiency […]
Read More“We are losing in the home market. Hotel owners feel pain when having to pay commissions of 30 percent to foreign companies,” said Ngo Minh Duc, founder and president of GOTADI. Duc spoke at a workshop on digital transformation in the tourism industry held on April 2, within the framework of VITM (Vietnam International Travel […]
Read MoreA sharp rise in the prices of goods and services following higher costs for production, energy, imported materials and logistics has prompted the Commerce Ministry to raise its forecast for headline inflation to 4-5% this year from a previous estimate of 0.7-2.4%. The new projection assumes GDP growth of 3.4-4.5% this year, an average Dubai […]
Read MoreThe Cambodian government will upgrade the Garment, Footwear and Travel Goods (GFT) sector into environmentally sustainable, high value-added, focused on high-end and unique products and supportive of economic diversification before 2027, according to the Cambodia GFT Sector Development Strategy 2022-2027. The GFT industry has been a priority sector and has contributed significantly to Kingdom’s socio-economic […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has granted a final extension of the zero spread on its peso rediscount loans anew until end-June to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the […]
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Thailand
