The Ministry of Finance has indicated that plans to reform the income tax structure might not be completed by February as earlier scheduled but says a tax measure will be announced early in 2020 as a New Year’s gift to Thais. The ministry’s permanent secretary Prasong Poontaneat said that tax reform committee will meet again […]
Read MoreAt least three mango-processing factories will open in 2020, according to the Ministry of Agriculture. The new factories will encourage the production of mango in the Kingdom and help farmers find new markets for their products, Ngin Chhay, director-general of the General Directorate of Agriculture, said. Mr Chhay said interest in mango processing has grown […]
Read MoreVietnam has decided to import an additional 200 MW of electricity from Laos next year amid possible power shortages. The country’s decision comes amid concerns that it may suffer energy shortages from 2020. Vietnam’s Ministry of Industry and Trade estimated that the country would experience a shortage of 3.7 billion kWh in 2021, which will […]
Read MoreThe baht’s value is expected to continue its upward trend, reaching 29.25 against the US dollar in next year’s final quarter as the greenback assumes a path to depreciation, says Bank of Ayudhya (BAY). Although the local currency’s value is projected at 30.40 against the dollar by this year’s end, the baht will likely hit […]
Read MoreThe Hanoitimes – In 2019, the Vietnamese government issued three decrees to cut 106 business conditions, taking the total number of business conditions removed and simplified to 3,451 out of 6,191. The Vietnamese government is serious about making Vietnam an even more attractive trade and investment environment and open to the ideas and insights of EuroCham, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas will likely resume cutting its benchmark rate next year, according to its governor, who said monetary authorities are on a wait-and-see mode as the previous rate cuts work their way through the economy. “We’re maybe considering around 50-basis points next year,” BSP Governor Benjamin Diokno told Bloomberg […]
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Thailand
