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Vietnam: Steel industry to grow 12-15%

HA NOI — The steel industry is predicted to grow by 12-15 per cent in the next five years, the Vietnam Steel Association (VSA) reported at a June 12 workshop in HCM City. Cast iron output is forecast to increase 80 per cent to reach 4.5 million tonnes, while steel billets will jump 47.2 per […]

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Philippines: Net FDI inflow resurges in March

THE Philippines recorded a net inflow of $509 million in foreign direct investment (FDI) in March, resurging from the level in February when the net inflow hit an eight-month low, central bank data showed on Tuesday. The net inflow in March rose by 39 percent from $366 million in February and by 30.6 percent from […]

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Myanmar: EuroCham cites protectionist bent and tax inefficiencies as top investor concerns

A white book published by European businesses has hit out at Myanmar’s protectionist tendencies blocking or stalling liberalisation and cited tax inefficiencies as one of the top concerns among investors. The European Chamber of Commerce Myanmar (EuroCham) published a white book, an annual publication identifying the year’s salient business, trade and investment issues affecting European […]

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Thailand: Lower rental fees to spark SEZ interest

The Treasury Department is set to cut rental fees for land in special economic zones (SEZs) as a way to draw private investment, the department’s new chief says. The plan is to relax some conditions for developing state land for SEZs in the next round of auctions, Patchara Anuntasilpa said in his first interview with […]

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Myanmar: EuroCham cites protectionist bent and tax inefficiencies as top investor concerns

A white book published by European businesses has hit out at Myanmar’s protectionist tendencies blocking or stalling liberalisation and cited tax inefficiencies as one of the top concerns among investors. The European Chamber of Commerce Myanmar (EuroCham) published a white book, an annual publication identifying the year’s salient business, trade and investment issues affecting European […]

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Google agrees future tax payments with Indonesia

JAKARTA — Alphabet Inc’s Google Asia Pacific headquarters has agreed on future tax payments with the Indonesian government, the country’s communications minister said on Wednesday. Finance Minister Sri Mulyani Indrawati had said on Tuesday that Indonesia had reached a tax deal with Google for 2016, following a months-long dispute over allegations that the search giant had not […]

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