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Thailand: B280m to support Thailand 4.0 startups

Software Park Thailand, a government agency under the Science and Technology Ministry, has allocated a budget of 280 million baht to sponsor and support local startups this year. The move is part of the government’s attempts to drive the Thailand 4.0 economic model, said Chalermpol Tuchinda, director of Software Park Thailand. He said Software Park […]

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Vietnam: Wood exports surge 17.1% in Q1

HANOI — Vietnam’s exports of wood and wooden products in the first quarter of this year hit US$1.78 billion, a year-on-year increase of 17.1 per cent, the General Department of Vietnam Customs reported. This was especially evident in exports to the US and Japan, Vietnam’s largest wood importers. In the first three months of 2017, […]

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Philippines: IMF sees tax overhaul boosting Philippine revenues

WASHINGTON – The International Monetary Fund (IMF) said the proposed tax overhaul pending in Congress could boost the revenue and tax effort of the Philippines, raising additional funds to bankroll the plan of the national government to ramp up infrastructure spending. Vitor Gaspar, director at IMF’s Fiscal Affairs Department, told The STAR the Comprehensive Tax […]

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Thailand: TAT to host street food festival

The Tourism Authority of Thailand (TAT) will host Bangkok Street Food Festival in June to give local roadside cuisine greater exposure to international tourists. TAT governor Yuthasak Supasorn said the authority is ready to host the street food festival in partnership with Bangkok Metropolitan Administration (BMA) on a popular road in the capital. The potential […]

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Lao businesses face ‘high logistics costs’

HIGH LOGISTICS costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in Laos are as high as double those of other Asean countries, according to the Japan External Trade Organisation. A study conducted by a Jetro survey […]

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