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Remittance scheme for Myanmar migrant workers introduced

Krungthai Bank, Everex and Shwe Bank have signed an agreement on a Thai-Myanmar cross-border remittance service. Rawin Boonyanusasna, Senior Executive Vice President – Head of Global Markets Group of Krungthai Bank, Alex Lane, CEO of EVX Holdings, and Thein Zaw, Executive Vice Chairman of Shwe Rural & Urban Development Bank signed a Letter of Intent […]

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Thailand set to get The Standard brand hotels

Firm eyes hotel management in four cities,  teams up with Thai developer Sansiri US-based Standard International, the parent company of The Standard Hotels and the Bunkhouse Group, plans to manage four new hotels in Thailand in view of the continuous growth in tourist arrivals in the country, the company’s chief executive officer Amar Lalvani said […]

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Indonesia: Tax office receives 70.15 percent of all taxes by Saturday

The Directorate General of Taxation has announced that 10.93 million taxpayers, or 70.15 percent of its target of 15.58 million taxpayers, had filed their annual tax returns (SPTs) by Saturday night, one day before the March 31 deadline. Earlier, Finance Minister Sri Mulyani Indrawati announced that 10,051,101 individual taxpayers had filed their taxes by Saturday morning. “The 10.93 million taxpayers that submitted their SPTs […]

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Thailand: New evaluation bumps up land appraisal prices

Average land appraisal prices nationwide are expected to increase 10-20% when the new evaluation comes into force next year, says the head of the Treasury Department.  The department is still appraising land prices, said director-general Amnuay Preemonwong. The new appraisal version alters the way land is evaluated, replacing block areas with land parcels to serve the […]

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Vietnam’s manufacturing sector grows for 40th successive month

The Hanoitimes – Vietnamese firms have weathered the recent slowdown in global trade and were able to continue to secure greater new order volumes and expand production. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) – a composite single-figure indicator of manufacturing performance – posted 51.9 in March, up from 51.2 in February and signaling […]

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Lao PM calls for cooperation, globalisation at Boao Forum

LAO Prime Minister Thongloun Sisoulith has underlined the need to uphold multilateral cooperation for shared interests and the important role of globalisation at the 2019 Boao Forum for Asia (BFA) Annual Conference in China’s southern island province of Hainan. The premier attended the forum, which ran from March 26-29, at the invitation of BFA Secretary […]

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