The government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year’s target of 12.2 percent. In 2018, the tax to GDP ratio was 11.5 percent. The figure was proposed by Finance Minister Sri Mulyani Indrawati to the House of Representatives in the plenary session […]
Read MoreSINGAPORE: Singapore’s annual economic growth slipped to the lowest in nearly a decade in the first quarter led by a slump in manufacturing, final data showed on Tuesday, prompting a downgrade to the city-state’s full-year growth forecast. Gross domestic product (GDP) expanded 1.2% year-on-year in the three months ended March 31, down slightly from the […]
Read MoreStanding between the shoulders of two giants, Thailand has been one of the casualties of brewing trade tensions between China and the US, with tangible effects already manifesting through disappointing export performance. The clash of titans has escalated after the US’s third import tariff hike — from 10% to 25% on 5,745 Chinese goods worth US$200 […]
Read MorePETALING JAYA: South-East Asia’s Internet economy hits an inflection point in 2018 by garnering US$72bil (RM300.6bil) in gross merchandise value (GMV). E-commerce has been the fastest growing sector – reaching US$23bil in 2018 and expected to exceed US$100bil in GMV by 2025.These were some of the insights revealed by meta-search price comparison website, iPrice Group […]
Read MoreCambodia hopes to start exporting longan to Thailand in the near future, with the two countries planning to sign an agreement on phytosanitary requirements. For in depth analysis of Cambodian Business, visit Capital Cambodia Longan is poised to become the second agricultural product officially exported to Thailand following mango. Ly Sereivuth, chief of the plant quarantine […]
Read MoreKUALA LUMPUR: The government has been urged to relax rules related to foreign workers recruitment, in order to stop more small and medium enterprises (SMEs) from winding up. According to Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) president Datuk R. Ramanathan, regulations on foreign workers recruitment have tightened since the change […]
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Thailand
