The Revenue Department plans to ease tax rules for investments in digital assets by allowing traders to offset annual losses against gains for taxes due on cryptocurrency investments, and exempt transactions from withholding tax and value-added tax, which is normally collected at 15 and 7 per cent respectively. “The rules will apply to transactions conducted […]
Read MoreCambodia-Vietnam trade volume touched $9.3 billion last year—a rise of 75 per cent compared to 2020 figures—despite the impact of the pandemic. Prime Minister Hun Sen and visiting Vietnamese foreign minister Bui Thanh Son recently discussed the issue and agreed to cooperate and sustain this momentum. Both committed to cross the $10-billion mark in 2022. […]
Read MoreStarting from 1 February 2022, Bangkok Airways will increase its direct service between Bangkok (Suvarnabhumi) and Phnom Penh (Cambodia) to two flights a day to support the increasing travel demand between the two cities. The added services between Bangkok and Phnom Penh will be operated by Airbus A319 or A320 aircraft. The outbound flight PG935 […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Rents of office space in the central region of Singapore appear to have bottomed out as they ticked up 0.9 per cent in the fourth quarter of 2021 over the previous three months, reversing from a 3.5 per cent decline in the previous quarter. For the whole of 2021, the […]
Read MoreThe Bank of Thailand announced conditions to establish a joint venture asset management company (JV AMC) to support financial institutions managing bad debt for the long term as the pandemic persists. The conditions to create a JV AMC are effective from Thursday and financial institutions can apply for a licence for the next three years. A […]
Read MoreIndonesia’s financial watchdog the Otoritas Jasa Keuangan (OJK) warned financial institutions in the country against offering or facilitating crypto-asset sales. The official Instagram account for OJK posted a warning against the growing number of crypto Ponzi schemes and risks of crypto investments owing to the market’s volatility. The official post also quoted the chairman Wimboh […]
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