Enterprises in supporting industries now have great opportunities to develop but they will not grasp the opportunities if they can’t get support from the state. Nguyen Van Tri, CEO of Lap Phuc Co Ltd, which specializes in making hi-tech prototypes for export to the US, said the company enjoyed benefits from the HCM City’s demand […]
Read MoreCentral Pattana (CPN) is joining forces with WeChat Pay to stimulate Thai tourism, creating a seamless shopping experience for Chinese tourists. Nattakit Tangpoonsinthana, executive vice-president of marketing for CPN, said the Tourism Authority of Thailand forecasts 5-8 million Chinese tourists this year. Chinese were one of the top five source markets for tourists in January […]
Read MoreThe Ministry of Finance has proposed to apply a special consumption tax on sugar-sweetened beverages to protect people’s health following recommendations from the World Health Organisation. According to the ministry, Vietnam has seen a sharp seven-fold in the consumption of sugar-sweetened beverages in the past 15 years, from an average of 6.60 litres per person […]
Read MoreKUALA LUMPUR (Sept 20): The Socio-Economic Research Centre (SERC) has projected that Malaysia’s fiscal deficit will narrow to between 4.5% and 5.5% of gross domestic product (GDP) in 2023, from an average 6.2% in 2020 to 2022. Speaking at a media briefing on Tuesday (Sept 20), its executive director Lee Heng Guie said the fiscal […]
Read MoreSINGAPORE has a tight fiscal position over the medium-term, said Finance Minister Lawrence Wong, as he noted the limitations of alternative revenue sources — particularly corporate taxes — that Members of Parliament (MPs) had raised earlier in the Budget debate. Budget 2023 is a “delicate balancing act”, said Wong in his round-up speech on Friday […]
Read MoreBusinesses were generally more optimistic about their performance in February 2023 compared to January 2023. This optimism was mainly driven by expectations of higher production due to higher demand; more incoming projects; commencement of new projects; as well as the 39th National Day. This was revealed in the latest Brunei Darussalam’s Business Sentiment Index (BSI) […]
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Thailand
