Economy and commerce
E-tax to help provide B100bn in VAT
The electronic tax and single financial account scheme are expected to boost value-added tax by at least 100 billion baht a year, Thailand’s Revenue Department has said. Keep reading ...
Vietnam's bad debts decline to 2.9 percent of loans in 2015
Bad debts in Vietnam’s banking sector declined to 2.9 percent of loans at the end of 2015, from 3.7 percent a year earlier, the government’s National Financial Supervisory Commission said on March 14. Keep reading ...
Public debt drops B24.3bn in January
Public debt dropped by 24.3 billion baht in January from the month before, leaving the country owing of 5.98 trillion baht, according to latest data released by the Public Debt Management Office in Thailand. Keep reading ...
Mazda showroom opens in central Vietnam
A new Mazda showroom in the Central Highlands province of Gia Lai was launched in January 2016, raising the total number of the brand’s showrooms in Vietnam to 32. Keep reading ...
Vietnam threatens to revoke licenses of Trung Nguyen's tourism projects
Authorities in the Central Highlands province of Dak Lak has ordered Trung Nguyen Corporation, one of Vietnam’s largest coffee producers, to speed up construction work on four long-delayed tourism projects, local media reported on 10 March. Trung Nguyen will lose its licenses to develop the projects ...
FMI stock exchange debut set for March 25
First Myanmar Investment will begin selling its shares on the Yangon Stock Exchange on March 25, becoming the first company to list on the country’s first modern bourse, which officially opened last December, according to the Securities and Exchange Commission chair. The local conglomerate which is ...
Asia World opens new Yangon airport terminal
Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete. Yangon Aerodrome Company Limited (YACL), an Asia World subsidiary, built the airport in less than two ...
Thais still motivated to travel
Thai sentiment for travel remains upbeat and many are willing to spend more on their trips despite the poor economic conditions and escalating concerns about deflation. Keep reading ...
Revised rubber export tax scheme criticised
Rubber producers said on 6 March the Cambodian government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. Prime Minister Hun Sen issued a ...
Myanmar licenses four more banks
Myanmar has granted operating licences to four more Asian banks, bringing to 13 the number of foreign banks allowed to conduct business in the country. Keep reading ...
