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Thailand: Customs orders tax collectors to declare assets

The Customs Department is requiring senior officials responsible for tax collection to declare their assets to the Finance Ministry in a bid to increase transparency. Targeted officials must declare their assets when their positions change, said director-general Kulit Sombatsiri. He said the requirement relies on the director-general’s mandate and has nothing to do with the […]

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Vietnam: Timber product exports to hit $8 billion

HANOI — The export of wood and timber products is forecast to bring in US$8 billion in 2017, posting a 17 per cent year-on-year increase and surpassing the target of $7-7.5 billion set earlier this year. Nguyen Ton Quyen, vice chairman and General Secretary of Vietnam Timber and Forest Product Association (VIFORES), said the impressive […]

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Thailand is a top draw for SE Asia migrant labour

Workers in Southeast Asia are on the move, and they don’t always go far. Thailand, Malaysia, and Singapore have become the region’s migration hubs and are now home to 6.5 million migrants from the Association of Southeast Asian Nations, the World Bank said. Myanmar and Indonesia are the top sources of migrants, the Washington-based lender said […]

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Malaysia: Ringgit higher against US$

KUALA LUMPUR: The ringgit rebounded to kick off the week higher against the US dollar on refresh demand after mild profit taking last week, due to re-emerging tension over the possibility of another missile test by the North Korea, dealers said. At 9.15 am(0115 gmt), the local unit was quoted at 4.2290/2340 against the greenback […]

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