The tax allowance for shopping will cover three groups of products, and the maximum purchase amount eligible for the allowance is capped at Bt15,000, Finance Minister Apisak Tantivorawong has announced. Speaking last night, he said the allowance would cover tyres made in Thailand, as the government wants to help rubber farmers who have suffered from […]
Read MoreSoutheast Asia’s consumer economy will soon be transformed by the rise of the “mass affluent” as tens of millions from the middle class join their ranks, according to a new report by The Boston Consulting Group (BCG). In the report Beyond the “Crazy Rich”: The Mass Affluent of Southeast Asia, the mass affluent was described as an […]
Read MoreStrong demand from tech occupiers underpin its occupancy and rent growth. Singapore will continue to appeal to firms and staff in both technology and finance whilst promising firm medium-term rent growth in the next decade, according to Colliers International’s Top Occupier Locations in Asia: Implications for Investors report. As a location, Singapore ranked in second […]
Read MoreTHE GOVERNMENT and the private sector are launching joint campaigns to bring back Chinese tourists during the peak festive season and hope that this will help Thailand reach this year’s tourism targets. Despite the drop in Chinese tourists over the last four months, a rise in non-Chinese tourists may actually help boost the overall economy, […]
Read MoreIN 1997, the devaluation of the Thai baht marked the start of a crisis that decimated many Asian economies. By the end of 1998, Asean-5’s (Malaysia, Singapore, Thailand, Indonesia and the Philippines) gross domestic product was US$230 billion lower, setting the Asean economy back to 1992 levels. Today, it has been more than 20 years […]
Read MoreE-COMMERCE and cybersecurity, together with Internet governance and data privacy, will be key topics among Asean member states after Thailand assumes the bloc chair in 2019, says Air Chief Marshall Prajin Juntong, deputy prime minister and minister of justice. In particular, he said, the question of balancing these dimensions and creating mutual governance to guard […]
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