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Thailand: Location factor for land tax charges

The official appraised value of land, which is used as a factor to determine land and buildings tax bills, will vary depending on property locations but that of buildings will be a flat rate across the country. This means the wealthy would be liable for a higher property tax if they live in more expensive […]

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Vietnam: HCM City rental market continues slump

HCM City (VNA) – Many investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Dau Tu (Vietnam Investment Review) newspaper. For example, the owner of a luxury apartment in District 1 is renting a unit for 24 million VND […]

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Indonesia: Textile Industries Provide 3 Million Jobs: Industry Minister

TEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said textile products and textile industries are strategic industries that give a big contribution for the economy. According to him, the government prioritizes the development of these labor-intensive and export-oriented industries in order to be able to compete at the global level. “Textile industries can also become social security […]

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