The simpler process of claiming tax refunds has caused an increase in claims over the past few months and cut into the tax revenue, the tax office has said. The Finance Ministry’s Taxation Directorate General said that revenue from value-added tax (VAT; PPN in Indonesian) and luxury tax (PPnBM) had fallen as of recently, as it had […]
Read MoreThe Indonesian government has announced three new policies that aim to jack up the price of natural rubber, which has hit a record low since 2018. Coordinating Economic Minister Darmin Nasution said the new policies would restrict natural rubber exports, expand the domestic use of rubber in construction, and replant rubber plantations. “With these three policies, we believe we […]
Read MoreNGUYEN Manh Dung, CEO of Namilux, one of the leading gas stove manufacturers in Vietnam, said his company tied up with a Japanese partner and has adopted Japanese standards in its production for nearly 20 years. Now it exports mini gas stoves, heating stoves, grills, and lamps to more than 20 countries, and has consolidated […]
Read MorePROPERTY DEVELOPERS are systematically expanding their marketing channels online, following the behaviour of Thailand’s consumers whose digital and online purchases have risen four-fold over the past decade, property marketing experts said. The latest reports by Electronic Transactions Development Agency (ETDA) show e-commerce in Thailand grew to Bt3.2 trillion in 2018, the strongest growth in the […]
Read MoreFILIPINO exporters should trade more of their goods in regional markets as the Asian economy is expected to grow stronger, according to the Research, Education and Institutional Development Foundation Inc. (REID). In a recent report by the Philippine Exporters Confederation Inc., REID Vice President Ronilo Balbieran said that in terms of growth and size, the […]
Read More[SINGAPORE] The Singapore dollar‘s three-month winning streak is facing its stiffest test yet as global growth headwinds dim the outlook for further central bank tightening. An above-consensus inflation report Monday would go a long way toward ensuring the currency’s advance remains on track. A gauge of the country’s nominal effective exchange rate, which the Monetary Authority […]
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Thailand
