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Thailand: Industrial and logistics property results mixed

The Thai industrial and logistics property sector has been proclaimed as the preferable market in these uncertain times for developers and investors. And while it has fared better than other commercial property sectors, it has not all been plain sailing, according to the property consultancy CBRE. The industrial and logistics market has undergone areas of […]

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Cambodia promotes digitalisation of economy and society

Digital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly of ASEAN Inter-Parliamentary Assembly (AIPA-42) held virtually on August 23. […]

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Thailand: 7% VAT extended

The cabinet on Tuesday extended the 7% rate for value-added tax for a further two years. Deputy government spokesperson Rachada Dhnadirek said the rate would remain in force from Oct 1, 2021, to Sept 30, 2023, to support the Covid-affected economy. The Finance Ministry proposed the extension of the 7% rate to support national recovery, […]

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Philippines: Budget gap narrows in July

MANILA, Philippines — The government narrowed its budget shortfall by 13.56 percent to P121.18 billion in July as revenue growth outpaced spending, the Bureau of the Treasury said. For the month, revenue grew by over nine percent to P256.07 billion as tax generation rose to P229.79 billion, while non-tax income went up to P26.23 billion. […]

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