Indonesia: Indonesia’s July trade figures lowest since 2009 Tuesday, 16 August 2016 – Hopes that Indonesia would end a long streak of declining exports and imports last month were shattered, as both tumbled on an annual basis during a month shortened by holidays. Indonesia’s statistics bureau yesterday said exports and imports were even worse than […]
Read MoreSingapore: June retail figures fall short of analysts’ expectations Tuesday, 16 August 2016 – Retail sales here were almost flat in June – the first month of the Great Singapore Sale – compared with the same month last year. Retailers eked out a 0.9 per cent rise in sales, below economists’ expectations of a 2 […]
Read MoreSingapore: Singapore ranked 6th globally for innovation Tuesday, 16 August 2016 – Singapore has been ranked sixth in the world – and top in the Asia-Pacific region – on the annual Global Innovation Index. Singapore’s ranking – one up from last year – placed it ahead of countries such as the Netherlands, Germany, South Korea […]
Read MoreVietnam: Government approves plan to reduce cash use Tuesday, 16 August 2016 – The Government has approved an e-commerce development plan for 2016-20 that targets 50 per cent of consumers switching from cash to other forms of payment. The target has been set after factoring in the rapid increase in online shopping and electronic banking. […]
Read MoreVietnam: Businesses hail 3% corporate tax cut Tuesday, 16 August 2016 – Entrepreneurs are hailing a national plan to reduce corporate income tax for small- and medium-sized enterprises from 20 per cent to 17 per cent starting next year. In a recent proposal submitted to the Government, the Ministry of Finance said businesses making less […]
Read MorePhilippines: Tax reform could lower income, estate taxes Monday, 15 August 2016 – THE government will soon send a proposal to Congress to lower estate duty to 6 percent as part of a tax reform plan, along with other measures such as the reduction of individual and corporate income tax. The Department of Finance is […]
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Thailand
