Cross-border trade in 2021 expanded 30 per cent compared to the previous year, the Commerce Ministry reported last week, while setting a target of 5-7 per cent growth for 2022. The total trade of 1.71 trillion baht in 2021 represented a rise of 30.03 per cent, with exports rising 34.6 per cent to 1.03 trillion […]
Read MoreMANILA, Philippines — The Philippines will remain a regional underperformer despite the strong bounce-back from the pandemic-induced recession due to the rapid virus surge and tough mobility restrictions early this year, according to DBS Bank of Singapore. In a report, DBS economist Chua Han Teng said risks remain despite the projected 6.5 percent gross domestic […]
Read MoreCambodia’s Prakas 542 provides the rules for implementing a value-added tax on non-resident foreign e-commerce suppliers. Prakas 542 also clarifies that the non-resident entity must register for VAT purposes in Cambodia and file for VAT returns if their turnover from the e-commerce activities reaches a certain threshold. Notified in September 2021, Prakas 542 provides the […]
Read More[BENGALURU] Thailand’s central bank will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel restrictions, a Reuters poll found. Economic growth in the South-east Asian nation is yet to return to pre-pandemic levels and the recovery continues to be fragile due […]
Read MoreJAKARTA, Indonesia — Indonesia’s economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed. Southeast Asia’s biggest economy expanded 3.69 percent on-year, the country’s statistics agency said, having contracted […]
Read MoreThe government plans to hold travel bubble talks with China and Malaysia this month, days after resuming a quarantine-free visa programme to boost tourist arrivals seen as key to sustaining a nascent economic recovery. Prime Minister Prayut Chan-o-cha’s government will soon discuss with the Chinese Minister for Culture and Tourism details of a possible bilateral […]
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Thailand
