ON September 11, 2018, the Thai Revenue Department (TRD) issued Departmental Order No Tor Por 299/2561 (Tor Por 299/2561) in order to amend Clause 3.4 of Departmental Order No Tor Por 1/2528 (Tor Por 1/2528). The objective of Tor Por 299/2561 is to eliminate the differences between the recognition of revenue and expenses from rental […]
Read MoreThe Transportation Ministry has prepared two draft regulations on ride-hailing apps after the previous regulations were annulled by the Supreme Court in September. “We just had a meeting with the transportation minister. I have prepared two draft ministerial regulations,” said the ministry’s land transportation Director General Budi Setiyadi in Jakarta on Monday as quoted by kompas.com. He explained the first draft regulation […]
Read MoreKUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has revised downwards the country’s 2018 gross domestic product (GDP) growth forecast to 4.7% from an earlier 5.5%. Executive director professor Zakariah Abdul Rashid said the lower target was due to a moderation in global demand and over-reliance on private consumption, amid weakened investment activities to […]
Read MoreMANILA, Philippines — Airline passengers could see even higher fares in the next two months should local airlines opt to increase the fuel surcharge. The Civil Aeronautics Board (CAB) said passenger fuel surcharge for domestic and international flights from Nov. 1 to Dec. 31 would increase to Level 4, which means additional cost of between […]
Read MorePRICE STABILITY and government subsidies are two key challenges facing international rice trade, experts say. “On the issue of how much countries can rely on imports of rice alone to sustain their population, I would say that large countries like India need to achieve self-sufficiency,” said Ashok Gulati, former chairman of the Commission for Agricultural […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of 4.7% in 2018 from 5.9% last year, according to Allianz Group. The German-based insurer and asset management company forecast the gross domestic product (GDP) of Malaysia would decelerate further to 4.6% in 2019 amid a challenging external environment and fiscal consolidation initiatives […]
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Thailand
