Financial institutions are required to report transactions of customer accounts that hit the e-payment law’s threshold by the end of March 2020, says the Revenue Department. The first information reported will be financial transactions occurring from after the legislation was publicised in the Royal Gazette on March 21, 2019 until the end of this year, said spokeswoman […]
Read MoreUsing a mobile app, truck drivers in Vietnam can now opt to pick up cargo from nearby locations on their empty vehicles during their return trip, thus earning extra income. In the past, up to 70% of trucks return home empty. For a country beset by high transportation costs owing to a highly fragmented logistics […]
Read MoreThe Bank of the Lao PDR (BOL) is gathering information on commercial banks as it expects to allocate credit for small and medium-sized enterprises (SMEs). Twelve commercial banks involved in the government’s SME promotion project will receive loans totalling $300 million from the China Development Bank (CDB). Governor of the Bank of the Lao PDR […]
Read MoreJakarta. The Customs Office has tightened the rules for e-commerce imports on Monday as part of a concerted effort to protect local small businesses producing shoes, bags and clothes. Heru Pambudi, the director general of customs and excise at the Finance Ministry, said in a statement that any import shipment valued at $3 or more must now pay import tax – a much lower […]
Read MoreThailand plans to lend Cambodia 1.2 billion baht ($39.7 million) next year to build a 131-kilometre road linking both countries. In a report in The Bangkok Post, Perames Vudthitornetiraks, president of the Neighbouring Countries Economic Development Cooperation Agency, said Thailand is planning to disburse 8.5 billion baht in loans next year to Cambodia, Myanmar and Laos. […]
Read MoreFestive spending during the New Year holiday is expected to increase only 1.9% this year, the lowest rate in the 14 years the survey has been conducted, as Thais remain cautious about their spending because of the poor economy. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), Thais’ […]
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