BANGKOK: Thailand’s parliament on Friday approved an additional 190 billion baht (RM23.85bil) in public spending this fiscal year, aimed at improving growth outside its capital, as the military government tries to stimulate a sluggish economy. The majority of the additional budget, 115 billion baht (RM14.44bil), will go into funding local initiative projects, according to an […]
Read MoreCROSS-border taxation in current times is poised for significant changes. Tax is key in foreign ventures. Absent tax strategies and foreign tax leakages would erode margins and return of investment. Although international tax-efficient strategies to mitigate capital gains tax (CGT), withholding tax (WHT) and the risk of creating a taxable presence (also known as permanent […]
Read MoreBritain and Thailand are committed to moving ahead with a bilateral free-trade pact and have agreed to set up a joint committee to work out the details. Deputy Prime Minister Somkid Jatusripitak, who last Friday met Alok Sharma, Britain’s minister for Asia and the Pacific, said the two countries proposed speeding up trade talks and […]
Read MoreThe Greater Mekong Subregion has become a magnet for manufacturing FDI while bucking a global slowdown in trade. The Post’s Kali Kotoski sat down with Eugenia Victorino, South and Southeast Asia economist for ANZ, to talk about the region’s long-term economic outlook. What potential for growth do you see in the Greater Mekong Subregion (GMS)? […]
Read MorePeople are migrating to cities in big numbers, creating a growing consumer class, big opportunities for investors and more challenges for the government. Vietnam has made steady progress since the beginning of the Doi Moi reforms in 1986, and while the Communist government has yet to fully embrace capitalism, the country’s young and growing middle […]
Read MoreTEMPO.CO, Jakarta – Chief of Legal, Organization and Public Relation Division of the National Standardization Agency Nudi Rahardjo said that the Agency will accelerate the implementation of standardization principles for micro, small and medium enterprises (UKM) this year. “The target is that 90 percent of small-medium enterprises can get the Indonesia National Standard [SNI] this year,” […]
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