The construction industry is hoping for lower taxes for the industry, which had been lobbied for last year but was not approved when the Union Tax Bill 2019 was submitted to Pyidaungsu Hluttaw on August 7. Section 25 of the bill includes the tax reduction asked for by the industry. Construction executives pointed out that […]
Read MoreThe Hanoitimes – VECOM predicted with the growth rate of 2019 and 2020 remaining at 30%, by 2020 the market size would reach US$13 billion. Vietnam’s e-commerce market size currently ranks second in Southeast Asia with 40 million online shoppers, only behind Indonesia, according to Lai Viet Anh, deputy head of Vietnam E-commerce and Digital Economy […]
Read MoreThe sluggish economy and lack of consumer confidence continues to cause subdued media spending, with year-to-date ad expenses dropping 2% from the same period a year earlier, says researcher Media Intelligence Co (MI). “The local media industry will continue to decline because of the economic slowdown, while consumers are not willing to spend,” said Pawat […]
Read MoreCambodia’s footwear sector will provide more opportunities for investment and production than the garment sector due to significant growth over the last five years, said an International Labour Organisation (ILO) research bulletin on Cambodia’s garment, textile, and footwear (GTF) industry. The bulletin said the footwear sector has grown more rapidly than the garment sector in […]
Read MoreThe Bank of Thailand is considering relaxing the loan-to-value (LTV) regulations governing mortgage lending by refraining from requiring co-signers. The central bank has considered a raft of proposals from property developers to ease the LTV requirements, with an end to the co-signer rule likely the only one to change, said Ronadol Numnonda, deputy governor for […]
Read MoreThe average appraisal price for new land, which will take effect for four years starting from Jan 1, 2020, has risen by 8% nationwide from the current version. The appraised prices of about 70% of total land have been held from the previous assessment, with 29% increasing and the remaining 1% falling, said Wilawan Veerakun, […]
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