The government will soon introduce an amended law on taxation that is aligned with the provisions of the new Investment Law, said Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation, yesterday. Giving the keynote address at the first Tax Updates and Audits Forum organised by […]
Read MoreDisbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown. These positive figures showed that foreign-invested enterprises have been constantly recovering and expanding their production and business activities […]
Read MoreThe World Bank has painted a rosy picture for East Asia and the Pacific region excluding China for this year. The growth in the region outside China is likely to pick up to 5.3 percent in 2022 from 2.6 percent in the previous year, says the East Asia and Pacific October 2022 Economic Update of […]
Read MoreMANILA, Philippines — The Philippines is now open for business, President Ferdinand Marcos Jr. said Wednesday, as he vowed to attend to the needs of investors to encourage them to come to the country. Speaking during the opening of the new terminal building of the Clark International Airport, Marcos said it is time to […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 14.5% year-on-year to 99.28 points in August, and rose by 3.71% from July, thanks to export growth and the reopening of the country. “The car, motorcycle and petroleum industries have kept growing since the recovery of the tourism industry,” said Industry Minister Suriya Jungrungreangkit. Capacity utilisation in August stood […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%. The recovery of Southeast Asia’s second-largest economy has lagged that of other countries as its vital tourism sector has […]
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