The Revenue Department expects tax measures supporting the relocation of foreign investors’ production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom. He said the cabinet endorsed an extension of the measures, also known as the Thailand Plus Package, to support the relocation of production bases. The Thailand […]
Read MorePETALING JAYA: The wave of stagflation, currently sweeping across some global economies like in the 70s, is unlikely to rear its ugly head in Malaysia owing to the country’s firm economic fundamentals. Stagflation, a scenario where there is slow economic growth coupled with rising inflation, would unlikely occur in developing countries compared with developed ones, […]
Read MoreCambodian pepper will be available in China directly after the General Administration of Customs of China (GACC) approves Cambodia’s export proposal. The Chinese Embassy announced last week that the GACC approved seven packaging factories and 28 registered pepper farms for pepper exports. Cambodian pepper has finished all export procedures and is now allowed to be […]
Read MoreThe latest unemployment figures in Laos stand at more than 61,000 due to an economic recession plaguing the country. The President of the Lao Federation of Trade Unions, Ms. Aly Vongnorbountham, revealed that over 61,000 people are currently unemployed in Laos, as the minimum wage on offer is not at par with the living standards of workers […]
Read MoreSoutheast Asia and China have emerged as the two leading destinations for overseas expansion as 83% of businesses in Asia are keen to expand abroad, according to a recent report. The latest Business Outlook report released by United Overseas Bank (UOB), which surveyed more than 4,000 small and medium-sized enterprises (SMEs) in the region as well […]
Read MoreMANILA, Philippines — The Philippine Competition Commission punished Grab Philippines to the tune of P9 million, after the ride-hailing giant failed to refund consumers in full more than three years since they were ordered to do so. A PCC statement on Monday said this new fine will be added to the P63.7 million in penalties stockpiled […]
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