The Royal Government of Cambodia has decided to exempt the 1% withholding tax for all enterprises as an encouragement and incentive for all investors in the country. The decision was announced in a press release of the Ministry of Economy and Finance made public yesterday evening. According to the same source, the announcement followed […]
Read MoreThe Hanoitimes – Phones and parts recorded the highest export turnover of US$19.9 billion during the five-month period, accounting for 19.7% of total exports and up 3% year-on-year. Vietnam reported an estimated trade deficit of US$1.3 billion in May, leading to a deficit of US$548 million in the five months period while the country had an […]
Read MoreTOKYO (AFP) – East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on dollar transactions, Malaysia’s prime minister said yesterday. Tun Dr Mahathir Mohamad said the proposed currency could be used for regional trade, but would not replace national currencies for use at the […]
Read MoreYANGON, May 30 (Xinhua) — Myanmar Investment Commission (MIC) on Thursday permitted six investment projects from both home and abroad, according to the Directorate of Investment and Company Administration (DICA). The commission’s meeting led by Chairman U Thaung Tun approved six projects worth 28.62 million U.S. dollars and 106.4 billion kyats (69.6 million U.S. dollars). […]
Read MoreWith communities spread across 17,000 islands, Indonesia seems like an unlikely place for online shopping to take off. Although cities like Jakarta are densely populated, a significant proportion of the population lives in rural areas like Kalimantan, where they make a living from coal and palm oil. But delivering to these areas is costly, and […]
Read MoreBANGKOK — There are two “friendship bridges” spanning the Tonle Sap river in the Cambodian capital of Phnom Penh. One is labeled the Cambodia-Japanese friendship bridge; the other is the Cambodia-China friendship bridge. Sitting almost side by side, the bridges are an unintended reflection of the rivalry between Japan and China, in Cambodia and across […]
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Thailand
