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Vietnam: Factories continue ‘three on-site’ model in HCM City amid stay-at-home policy

Companies in industrial parks (IPs) and export processing zones (EPZs) in HCM City will continue to operate despite stricter COVID-19 prevention and control measures being applied for two weeks starting on Monday. The HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) has asked companies to continue the ‘three on-site’ model (work, eat, and rest at workplaces) or the ‘one route, two destinations’ model (workers […]

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Philippines net oil imports up 63% in H1

MANILA, Philippines — The Philippine net oil import rose in the first six months of the year on the back of higher volume and cost as the global oil market recovered, according to latest data from the Department of Energy (DOE). The net import bill or the difference between oil imports and exports amounted to […]

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Thailand: Talks to broach cigarette tax

Deputy Finance Minister Santi Prompat says he will discuss with Finance Minister Arkhom Termpittayapaisith the new excise tax structure for cigarettes, which is under review, before proposing it for the cabinet’s consideration next month. A new flat tax rate of 40% was scheduled to be applied since October 2019, regardless of the retail price, but […]

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Thailand: Industrial and logistics property results mixed

The Thai industrial and logistics property sector has been proclaimed as the preferable market in these uncertain times for developers and investors. And while it has fared better than other commercial property sectors, it has not all been plain sailing, according to the property consultancy CBRE. The industrial and logistics market has undergone areas of […]

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Cambodia promotes digitalisation of economy and society

Digital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly of ASEAN Inter-Parliamentary Assembly (AIPA-42) held virtually on August 23. […]

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Thailand: 7% VAT extended

The cabinet on Tuesday extended the 7% rate for value-added tax for a further two years. Deputy government spokesperson Rachada Dhnadirek said the rate would remain in force from Oct 1, 2021, to Sept 30, 2023, to support the Covid-affected economy. The Finance Ministry proposed the extension of the 7% rate to support national recovery, […]

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