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Thailand: Dirty factories under watch

The Industry Ministry has ordered its agencies to take legal action against factories that break the law and put public health and the environment at risk. Kobchai Sungsitthisawad, the industry permanent secretary, said authorities will look into pollution complaints against companies accused of releasing untreated waste water, producing high dust emissions or failing to control […]

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Thailand: Firms urged to hurry up for peak deductions

The Revenue Department is urging the private sector to accelerate investment to benefit from the highest tax deduction of 2.5 times. The measure, due to expire this year-end, allows the private sector to benefit from tax savings by more than usual, as private enterprises can deduct 2.5 times expenses from investment in machinery from corporate […]

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Vietnam: Credit card spending headed for 2020 decline

Annual credit card spending is expected to contract this year because of the coronavirus crisis, particularly for outbound spending, due to the government’s prohibition on cross-border travel. Credit card spending in the finance industry contracted by 14.2% year-on-year for the first five months this year. The shrinkage gradually improved from 40.1% in April to 27.6% […]

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