Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit. Mr Lavaron said foreign visitor numbers jumped after the reopening, reflected by a large increase in value-added tax (VAT) refund totals. In 2022, the department refunded VAT to more than 423,000 tourists with a total value […]
Read MoreThe Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $15.4 million. The new projects belong to BOLITO GARMENT CO., LTD., XIN LI AN SHOES CO., LTD. and NEW HM KNITTING CLOTHING (CAMBODIA) CO., LTD., the CDC said in a press release issued […]
Read MoreMANILA, Philippines — Despite electronics exports declining in the first half of the year, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) remains optimistic that the industry will grow by five percent, driven by the continued demand for electronics products. In an interview with reporters, SEIPI president Dan Lachica said the group […]
Read MoreSINGAPORE’S private residential property is now the most expensive in the Asia-Pacific, overtaking Hong Kong in 2022, according to a report released by the Urban Land Institute (ULI) on Tuesday (May 30). ULI noted that the median price of Singapore’s private-sector homes now stands at US$1.2 million, compared with Hong Kong at US$1.16 million. In […]
Read MoreThe Bank of Lao PDR convened a meeting at the Prime Minister’s Office on Tuesday to discuss implementing a new credit policy aimed at revitalizing the Lao economy. The meeting was attended by Mr. Bounleua Sinxayvoravong, the Governor of BOL, along with Deputy Ministers, Deputy Governors, Deputy Governors of Vientiane, BOL regional branch officials, local […]
Read MoreThe State Bank of Việt Nam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme. HÀ NỘI — The State Bank of Việt Nam (SBV) has requested banks, branches of foreign banks, and […]
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