As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. According to the GDCE’s announcement, signed by director-general Kun Nhem on October 13, the government will not […]
Read MoreThe Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the […]
Read MoreKUALA LUMPUR: The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said positioning the sector for recovery is in line with better economic outlook in 2021. “In our view, the undemanding sector valuations of 0.4 times […]
Read MoreThailand’s industrial estate sector has a neutral outlook based on prospects of growing inflows of foreign direct investment (FDI) into Asean economies and the progress of the Eastern Economic Corridor (EEC) project, says Tris Rating. FDI inflows are projected to resume in the post-Covid-19 era, supported by the region’s relatively strong competitiveness, said Tris. Asean […]
Read MoreThe countries in the Regional Comprehensive Economic Partnership are set to benefit from a wide-ranging deal that will entice investors towards the region. Luong Hoang Thai, director general of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, explained to Phuong Thu how the new deal would help global businesses entering the […]
Read MoreRetail sales in Indonesia dropped significantly in October and are expected to drop further in November in another sign that the nation’s economic recovery is losing steam as people’s purchasing power remains sluggish as a result of the coronavirus pandemic. According to a survey published by Bank Indonesia (BI) on Thursday, retail sales dropped 14.9 […]
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Thailand
