In a meeting yesterday, the Cabinet approved drafts that will add legal conditions to support small- and medium-enterprises (SMEs), allow the setting up of trade associations and raise registration fees to help cope with the country’s economic situation. These drafts will also amend the existing 1966 laws to help with the liberalisation of capital movement […]
Read MorePETALING JAYA: Malaysia’s budget deficit may widen to 3% of gross domestic product (GDP) in 2019, amid an expected slower economic growth of 4.5% next year, cautions AllianceDBS Research. The research house said although the government is on track to achieve its budget deficit target of 2.8% this year, it pointed out that the deficit level could potentially rise back to 3% due to several financial constraints that […]
Read MoreThe Hanoitimes – The structure of state budget expenditures is set to improved, of which, regular spending continues to decline and expenditure for development investment is going to increase. Vietnam’s state budget overspending in 2019 will be kept at VND222 trillion (US$9.49 billion) or the ratio of 3.6% of its GDP, according to Minister of Finance […]
Read MoreThe European Chamber of Commerce in Cambodia (EuroCham) expressed its “serious concerns” on Monday over the “long-term negative impacts” of the EU removing the Kingdom’s access to the preferential Everything But Arms (EBA} agreement. It also expressed “hope that a dialogue can be implemented to better address” the bloc’s concerns and suggested “a different course […]
Read MoreON September 11, 2018, the Thai Revenue Department (TRD) issued Departmental Order No Tor Por 299/2561 (Tor Por 299/2561) in order to amend Clause 3.4 of Departmental Order No Tor Por 1/2528 (Tor Por 1/2528). The objective of Tor Por 299/2561 is to eliminate the differences between the recognition of revenue and expenses from rental […]
Read MoreThe Transportation Ministry has prepared two draft regulations on ride-hailing apps after the previous regulations were annulled by the Supreme Court in September. “We just had a meeting with the transportation minister. I have prepared two draft ministerial regulations,” said the ministry’s land transportation Director General Budi Setiyadi in Jakarta on Monday as quoted by kompas.com. He explained the first draft regulation […]
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Thailand
