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Impact of RCEP on Malaysia: Gain or pain?

FOLLOWING the signing of the Regional Comprehensive Economic Partnership (RCEP), doors will soon open to attract more investments and swell Malaysia’s trade with partnering countries. Almost 60% of Malaysia’s trade involve RCEP members and around 56% of Malaysia’s exports go towards the countries covered by the RCEP, given that Asean’s 10 members are Malaysia’s top […]

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Philippines: Ecozone firms get tax perks for COVID-19 costs

MANILA, Philippines — Ecozone locators will now be able to avail of the five percent gross income tax incentive to include COVID-related expenses as direct costs to maintain operations during the quarantine period. In a statement yesterday, the Philippine Economic Zone Authority (PEZA) said the Bureau of Internal Revenue (BIR) has approved the assistance being […]

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Thailand: Hotel groups push for tourists, finance

Leading hotel groups in Thailand are urging the government to speed up the reopening process for tourists and provide additional financial measures to offset the shortfall of inbound tourists before they collapse. Accessible financial measures for operators of every size will help protect the industry and maintain jobs while the country waits for reopening mechanisms, […]

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