For all the hype surrounding Thailand’s planned high-speed railway lines, their economic impact will be minimal without better planning to improve urban amenities and productivity in the services sector, say Japanese researchers. Based on current plans, the rail projects would improve the kingdom’s gross domestic product (GDP) by only 0.1% by 2035, according to a research […]
Read MoreOn November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]
Read MoreBusinesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar. However, with the arrival of a new year, things seem to be looking more optimistic for some sectors. Our reporters have interviewed insiders and experts from five business sectors on their views […]
Read MoreMANILA, Philippines — The Philippine economy is headed for a second straight year of slowdown as a “challenging” 2018 appears to be less robust than the prior year, the country’s chief economic planner said. “We started 2016 with a 6.9 percent GDP(gross domestic product) growth and it went down to 6.7 percent in 2017. This […]
Read MoreBusinesses operating in a border trade area at a Lao-Vietnamese border crossing in Savannakhet province will soon be offered special tax and non-tax incentives as in special economic zones. “Enterprises operating in the Ban Dansavan border trade area will receive the same tax and non-tax incentives as in the Savan-Seno Special Economic Zone,” Mr Champa […]
Read MoreThe Finance Ministry has extended a payment channel that is eligible for the government’s value-added tax (VAT) refund scheme for shopping during Chinese New Year, adding QR code payment to debit cards as originally planned. Those entitled to the VAT refund from shopping during Feb 1-15 must be Thai nationals, said Finance Minister Apisak Tantivorawong. For […]
Read More
Thailand
