Car exports to Vietnam can expect to face non-tariff barriers after the country, the biggest importer within Asean of pickups and passenger cars from Thailand, prepares to enforce the new Euro 5 emission standard from Jan 1 next year. Manufacturers that cannot adjust to the stricter environmental standard stand to lose sales. The automotive club […]
Read MoreDue to the impact of the Covid-19 epidemic, airline passenger numbers have dropped sharply, and as a result, many planes have been abandoned at the airport. A representative of Noi Bai International Airport said that before the epidemic broke out, the airport had about 70 aircraft parked overnight, which had flighted the next morning. However, […]
Read MoreThe Ministry of Commerce has launched an online automated system to apply for Form AHK, or certificates of origin (CO) issued under the ASEAN-Hong Kong Free Trade Area, to facilitate goods exports to those regional markets. In an announcement issued on June 11, the ministry invited exporters interested in applying for Form AHK, or seeking […]
Read MoreThe Bureau of Internal Revenue (BIR) has implemented a 12-percent value-added tax on transactions that were previously taxed at zero percent. Last June 9, Finance Secretary Carlos Dominguez 3rd signed Revenue Regulation 9-2021, which was issued on June 11 to implement the imposition of a 12-percent VAT on transactions covered by various sections of the […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research is keeping its GDP forecast of 4.4% for 2021F, which incorporates the three phases of lockdown. In its strategy report on Monday, it expects the impact from the extension of phase one lockdown to be offset by greater leniency in sectors allowed to operate than our initial assumption and support […]
Read MoreThe Thai Chamber of Commerce has proposed the government tweak laws and regulations that remain obstacles to ease of doing business, facilitating foreigners to stay longer in Thailand to help quickly revive the economy once Covid-19 infections ease. Sanan Angubolkul, the chamber’s chairman, said he held a discussion on the subject with Deputy Prime Minister […]
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