Parliament on Thursday approved the 2019 Union Tax Law, under which the tax rate for unassessed income is now as low as 3 percent. The motion was approved after the majority of MPs voted in favour of the new tax rates, which will take effect in the new fiscal year beginning October 1. Out of […]
Read MoreCustoms-cleared exports dropped 4% in August from a year earlier, after unexpectedly rising in the previous month, the commerce ministry said on Friday. The decline in August was bigger than a Reuters poll forecast of a 2% fall in shipments, the main driver of Thai growth, and compared with an increase of 4.28% in July. […]
Read MoreMERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data. For the period, M&A activity targeting Singapore stood at US$32.0 billion due to an 89.9 per cent increase in deal value […]
Read MoreCentara Hotels and Resorts has joined forces with KMA Group in a bid to expand into Myanmar’s growing tourism market. Centara yesterday signed a 10-year agreement with KMA, one of Myanmar’s largest conglomerates, to operate Centara KMA Resort Inle Lake. Centara Hotels and Resorts has 75 hotel properties and aims to operate 134 in total […]
Read MoreMANILA, Philippines — The Philippines continued to maintain a healthy external payments position, posting a balance of payments (BOP) surplus of $5.53 billion in the first eight months, reversing a $2.44 billion deficit recorded in the same period last year, the Bangko Sentral ng Pilipinas reported yesterday. “The surplus may be attributed partly to remittance […]
Read MoreASEAN continues to work towards its renewable energy target of 23 per cent by 2025, with the Asean Centre for Energy (ACE) signing agreements for research in areas such as biofuels, said ACE in a press release following the 37th annual Asean Minister on Energy Meeting (AMEM) in September. South-east Asia’s energy demand is expected […]
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Thailand
