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Philippines auto industry still second fastest growing in Asia

MANILA, Philippines – The Philippine automotive industry maintained its position as the second fastest growing market in Southeast Asia despite a slowdown in sales in February, but lost its regional leadership in terms of motorcycle sales growth. Latest data from the ASEAN Automotive Federation showed the Philippine automotive industry’s 17.4 percent growth in the first […]

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Thailand: Location factor for land tax charges

The official appraised value of land, which is used as a factor to determine land and buildings tax bills, will vary depending on property locations but that of buildings will be a flat rate across the country. This means the wealthy would be liable for a higher property tax if they live in more expensive […]

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Vietnam: HCM City rental market continues slump

HCM City (VNA) – Many investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Dau Tu (Vietnam Investment Review) newspaper. For example, the owner of a luxury apartment in District 1 is renting a unit for 24 million VND […]

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