Economy and commerce
Revenue shortfall drives budget deficit abnormally high
Revenue collection for this fiscal year reached only 95 percent of the annual plan, driving the budget deficit to 6.9 percent of gross domestic product, higher than the maximum of five percent usually adopted by the government. Economists have warned that such high deficits will increase ...
Royalties to include rentals under new Thailand-Singapore double tax rules
The New Double Tax Agreement between Thailand and Singapore becomes effective on January 1, 2017. If a Thai resident company has an outstanding rental payable to a Singaporean resident company, they should consider settling the debt before the end of 2016 in order to utilise ...
Giant jade stone uncovered in Kachin State
A giant jade stone estimated to weigh 210 tons was uncovered in the jade mining hub of Hpakant in Kachin State last week and is now being guarded by police. “We can say it is the largest piece of jade ever unearthed in Myanmar,” confirmed U ...
After Thai King Bhumibol's death, succession may be delayed
On October 13, news broke that Thailand’s 88-year-old king, Bhumibol Adulyadej, died after suffering complications from hemiodialysis treatment at Bangkok’s Siriraj hospital. King Bhumibol, the world’s longest reigning monarch, was revered as a demi-god and, for most Thai citizens, was the only monarch they had ...
Mongla: ‘the wildlife trafficking capital of the world’
Mongla lies on the border of the Xishuangbanna Dai Autonomous Prefecture in southwestern China and Shan State in northeastern Myanmar. Situated in the heart of the Golden Triangle, the city is known among other sad epithets as the wildlife trafficking capital of the world and for drugs, gambling, ...
Chinese deals help, but Cambodia needs to do more: experts
Despite strengthened economic ties following the signing of 31 agreements on October 13 between Cambodia and China, the Kingdom’s agricultural sector still needs to improve before it can fully benefit from the opportunities offered by the largest economy in the region, experts have said on October ...
Hai Duong pressures delayed thermal power plant
The Hai Duong People’s Committee is seeking solutions for the $2 billion, 1,200 megawatt Hai Duong thermal power plant, in case the investors continue to delay with the construction. The committee has requested the PM to direct ministries and relevant authorities to urge the co-investors, namely ...
China’s Xi Jinping visits King, Hun Sen
Throngs of cheering school children greeted Chinese President Xi Jinping upon his arrival in the capital on October 13, with balaclava-clad soldiers enforcing order and whole sections of the city shut down as he paid visits to the King and the prime minister. On his first ...
Massive $23.2B project gets ‘green light’
Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. The massive project ...
Thailand forever altered as King Bhumibol Adulyadej dies
After seven decades, the longest-serving monarch in the world has died. Southeast Asia Globe looks back at King Bhumibol Adulyadej’s reign. Thailand’s King Bhumibol Adulyadej, the longest-reigning monarch in the world and the ninth ruler in the unbroken Chakri dynasty, is dead. A reign that ...
