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Thailand: Parsing e-commerce tax options

E-commerce, the online trading phenomenon breaching global boundaries, has enabled companies and even individual vendors to increasingly engage in transactions with customers without any of the contacts traditionally associated with sales of goods and services. With an estimated value that runs into trillions of baht a year, it’s little surprise that the Revenue Department has […]

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Vietnam: Rice prices up in domestic, foreign markets

HCM CITY — The price of Vietnamese rice has increased strongly in both domestic and foreign markets recently because of high demand and limited supply, local reports say. In the world market, Vietnamese rice is only priced lower than that from Thailand Jasmine rice is now priced at US$565-570 per tonne, $65-70 per tonne higher […]

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Philippines: Foreign debt slips to $73.8 B in March

MANILA, Philippines – The country’s foreign obligations decreased 4.9 percent in the first quarter as key external debt indicators remained at comfortable levels, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. BSP Governor Amando Tetangco Jr. said the outstanding Philippine external debt stood at $73.8 billion in the first quarter, lower by $3.8 […]

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Malaysia: Tapping the e-commerce growth

WITH consumer sentiment expected to improve over the coming quarters, e-commerce marketplace 11street is eyeing a 70% growth in gross merchandise value (GMV) in Malaysia for 2017. “Previously, the market was affected by the overall slower economy in Malaysia and consumers were limited by budget. But the market is improving and moving forward, we will […]

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Thai border crossing upgrade

Thailand will upgrade a temporary border crossing in Khlong Hat district in Sa Kaeo Province to a permanent checkpoint to boost border trade and security in the region. Sa Kaeo governor Klanarong Pongcharoen, was quoted in the Bangkok Post, as saying that the sub-committee on border checkpoints under the National Security Council had approved the […]

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