THAILAND will impose an entry fee on foreign holidaymakers from June as the tourism-reliant nation presses ahead with the long-delayed levy following a better-than-expected recovery in tourist arrivals. Travellers flying into Thailand will need to pay 300 baht (S$11.8) for each trip and those entering the South-east Asian nation through its land borders and sea […]
Read MoreBandung, West Java (ANTARA) – Bank Indonesia (BI) stated that it is optimistic that West Java will record positive economic growth this year on the back of improving household consumption, investment, and financial sector performance. This optimism is based on the province’s economic growth in 2022, which showed a positive growth of 5.45 percent and […]
Read MoreHÀ NỘI — About 60 per cent of Japanese firms planned to expand their operations in Việt Nam in the next 1-2 years, the highest rate in Southeast Asia. This was a highlight of the Japan External Trade Organisation (JETRO) survey on business conditions of Japanese companies overseas in the 2022 fiscal year made public on […]
Read MoreThe Bank of Thailand plans to implement new regulations for responsible lending to curb the country’s household debt problem over the long term. The central bank released a directional paper on sustainable solutions to Thailand’s structural debt overhang problems, providing in-depth analysis of the issue. The regulator wants to reduce the ratio of the country’s household […]
Read MoreFrom today (Feb. 14) onwards, Singapore will implement a 15 per cent increase in excise duty across all tobacco products. Excise duty is duty levied on goods manufactured in, or imported into, Singapore, according to the Singapore Customs website. This will discourage the consumption of tobacco products, Finance Minister and Deputy Prime Minister Lawrence Wong announced […]
Read MoreSINGAPORE – A global minimum effective tax rate of 15 per cent will be introduced for large Singapore multinational enterprises (MNEs) in 2025, amid a broader international move to ensure a more transparent tax environment. Singapore will also implement a domestic top-up tax that will raise large MNE groups’ effective tax rate here to 15 […]
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