The Federation of Thai Industries (FTI) aims to downgrade its 2020 export projection for food products after witnessing a huge impact from the coronavirus outbreak, largely affecting overseas shipments to China. The current forecast is 1.02-1.06 trillion baht, with China the biggest destination for Thai food producers. Visit Limlurcha, chairman of the FTI’s food processing […]
Read MoreThe Hanoitimes – The increased total limit of US$294 million will enable these banks to improve their capacity to cover payment risk in granting trade financing to local companies, mostly small and medium enterprises. The International Finance Corporation (IFC), a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a […]
Read MoreCustoms-cleared exports in January unexpectedly rose for the first time in six months, increasing 3.35% from a year earlier, boosted by higher shipments of gold and oil-related products, the commerce ministry said on Monday. January’s figures compared with a Reuters poll forecast for a fall of 3.0% in shipments, a main driver of Thai growth, […]
Read MoreThe upcoming government-initiated landmark bill on taxation is expected to simplify tax regulations and boost investment in Indonesia as it proposes corporate tax cuts and requires internet companies to pay taxes, albeit at the expense of lower tax revenue. The bill, a draft of which was obtained by The Jakarta Post, will introduce several major changes […]
Read MoreMANILA, Philippines — Farmers lost around P68 billion due to the effects of the Rice Tariffication Law, which saw the influx of more imported rice. The Federation of Free Farmers said losses of rice producers exceeded the gains of consumers by as much as P34 billion in the first year of implementation of the law. […]
Read MorePETALING JAYA: The Covid-19 outbreak may have yet another casualty on its hit list: corporate tax collections to the national coffers. Sources told StarBiz that there is an issue that would likely come up now with projected corporate tax collections, the main driver of government revenue, expected to fall. The corporate tax collection could be […]
Read More
Thailand
