The Finance Ministry is considering extending reduced liability for the land and building tax by another year to lower taxpayers’ financial burdens. The ministry’s decision to reduce eligible taxpayers’ liability for the land and building tax by 90% in 2020 followed the pandemic sweeping the globe, causing higher unemployment and GDP contractions. The relief has […]
Read MoreHis Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented the Brunei Darussalam’s Economic Blueprint: Towards a Dynamic And Sustainable Economy to plan the country’s economic direction towards achieving the third goal of Brunei Vision 2035 which is […]
Read MoreNew factory openings totalled 221 in 2020 according to the Ministry of Industry, Science, Technology and Innovation. The ministry also reported that 100 closed down from COVID-19 related factors. The total number of factories in the Kingdom at year’s end was 1,853. These factories employed 900,000 local workers, said the ministry’s Secretary of State Heng […]
Read MoreVietnam is determined to cooperate with the U.S. in achieving balanced and sustainable trade relations, Prime Minister Nguyen Xuan Phuc told a forum Thursday. The Vietnamese government has made drastic measures to reduce other countries’ trade deficit with it and to prevent export origin frauds, he added. The U.S. Treasury last month labeled Switzerland and […]
Read MoreThe economy could lose as much as 300 billion baht in the first quarter after its largest coronavirus outbreak saw consumer mood sink to a five-month low in December, according to the University of the Thai Chamber of Commerce. The consumer confidence index dropped for the first time in three months to 50.1 in December, […]
Read MoreVietnam’s success in curbing the coronavirus so far is helping the country power ahead in economic growth and attracting funds, foreign investors, experts say. Its strength in containing the pandemic saw it build on the foundations of two free trade agreements signed in 2020, also outpacing peers in luring manufacturers moving production out of China […]
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Thailand
