The Revenue Department says it will enforce a new law to tax cross-border e-commerce transactions by April, a move that could hinder the growth of the sector. The development by the tax collection agency is intended to increase tax collection efficiency, particularly for fast-growing cross-border e-commerce transactions for which merchants are not required to pay […]
Read MoreThai exports are expected grow this year despite the protectionist policies of US President Donald Trump, according to the latest study of the University of the Thai Chamber of Commerce (UTCC). Aat Pisanwanich, director of the Center for International Trade Studies at the UTCC, said Thailand is likely to fetch 17.24 billion baht from higher […]
Read MoreCambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to statistics provided yesterday by the Ministry of Commerce. The value of Cambodian exports to Thailand reached $936 million by the end of December, from $639 million a year earlier. However, imports fell […]
Read MoreThe Central Bank of Myanmar will make it compulsory for local private banks to grant a minimum percentage of their loans to the agricultural sector and the small and medium-sized enterprises (SMEs) sector, Central Bank director general U Win Thaw told the Myanmar Times. If Myanmar’s economy is to develop, agriculture will need to take off and […]
Read MoreKUALA LUMPUR: Local production costs as measured by the Producer Price Index jumped 10.2% in January 2017 from a year ago, driven by the mining sector and agriculture. The Statistics Department said on Tuesday the highest increase was recorded by mining index (+42.8%) followed by agriculture, forestry & fishing (+33.4%), manufacturing (+5.6%) and electricity & […]
Read MoreSEPANG: AirAsia and AirAsia X have warned the public not to fall victim to deceiving advertisements by unauthorised travel agents on social media platforms such as Facebook and Instagram who claim to sell heavily discounted flights for AirAsia and AirAsia X. In a statement, AirAsia said a police report has been made by the airline […]
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