Minimum wages across ASEAN countries are gradually increasing to match the rise in the cost of living. Despite the increases, minimum wage rates in ASEAN remain among the lowest in Asia. Foreign investors should seek the help of registered local advisors to help understand how these latest changes will affect their business operations. Minimum wage rates across […]
Read MoreLaos’ new Income Tax Law will come into effect on February 17, 2020, and sets out the latest tax rates for businesses and employees. The new law provides better progressive rates for personal income tax and has lowered profit tax rates. The law also provides clear penalties for companies that are not compliant. On February […]
Read MoreBritain sees huge trading opportunities in Southeast Asia and seeks to build a “new modern and dynamic” relationship with the region’s 10 nations after leaving the European Union, Foreign Secretary Dominic Raab said Tuesday. Raab said Britain sees Malaysia as a key partner in the Association of Southeast Asian Nations and that he made clear […]
Read MoreTHE European Union (EU) is planning to invest in a program to develop green infrastructure in the Association of Southeast Asian Nations (ASEAN), known as the ASEAN Catalytic Green Finance Facility (ACGF), committing 50 million euros, the Asian Development Bank (ADB) said. The ADB said in a statement that the EU will make the investment […]
Read MoreLeading e-commerce platforms such as Shopee, JD Central and Lazada are being asked to control overpriced face masks, a move aimed at dealing with the shortage. Boonyarit Kalayanamit, the commerce permanent secretary, talked yesterday with representatives from the leading e-commerce platform providers, asking for their help in limiting price gouging for face masks. “The sales […]
Read MoreSINGAPORE retail sales ended 2019 on a weak note, down 3.4 per cent year on year in December as motor vehicle sales plummeted, according to data from the Department of Statistics on Wednesday. Total sales value for the month was S$4.2 billion, of which 6.8 per cent came from online sales. But excluding motor vehicles, […]
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Thailand
