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Philippines vehicle production falls most in Asean

MANILA, Philippines — Motor vehicle production in the Philippines continued to fall behind the rest of Southeast Asia as it posted the biggest decline in output at 29.5 percent in the five months to May this year. Data from the ASEAN Automotive Federation showed the Philippines churned out 25,892 motor vehicles as of end-May, lower […]

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Thailand: Department studies income tax cut

The Revenue Department is studying two options for the government’s personal income tax cut campaign promise — one an outright 10-percentage point cut across tax brackets and the other a 10% cut across brackets. For the cut by 10 percentage points, individual taxpayers who are liable to up to 10% rates now will be exempt, […]

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