A Ministry of Finance proposal to increase the environmental protection tax on oil and gas consumption from the current VND3,000 (US$0.13) to VND8,000 per litre has generated concerns about impacts on daily life and production. Lao Đong (Labour) and Tin Tuc (News) newspapers discussed the issue with Vu Khac Liem deputy director of the ministry’s […]
Read MoreSINGAPORE has come in as the eighth most expensive city in the world to move to, with a basic first month living cost of US$2,148.45, according to the 2017 Relocation Price Index. In a study by online moving platform Movinga, it was found that Luanda, Angola had the highest first month’s basic costs, ahead of […]
Read MoreKUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) has forecast a gross domestic product (GDP) growth of 4.5% for Malaysia this year against an estimated growth of 4.2% projected for 2016. Executive director Dr Zakariah Abdul Rashid said the projection was based on the country’s healthy trade balance in September, October and November last […]
Read MoreREGISTERED business trusts must prepare financial statements identical to the International Financial Reporting Standards (IFRS) for annual periods starting January 1, 2018, the Monetary Authority of Singapore (MAS) said on Thursday. However, authorised collective investment schemes will continue to prepare financial statements using accounting practices recommended by the Institute of Singapore Chartered Accountants (ISCA). Under […]
Read MoreTHAILAND’S fourth-largest bank, Kasikornbank (KBank), is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. The regulations require foreign banks to buy more than one bank, and that the targets must not be strong institutions. KBank president […]
Read MoreThe Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in serious traffic problems, say traders and local trade bodies. Workers […]
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Thailand
