by Teuvo Tuomi | Mar 24, 2024 | Business, Economy, Laos, News
The Lao government has announced plans to raise the value-added tax (VAT) rate from 7% to 10% as part of efforts to increase budget revenue and support economic and social development in the country. The decree still lacks specific details regarding the implementation...
by Teuvo Tuomi | Mar 22, 2024 | China, Business, Finland, Lifestyle, Technology
Online shopping in Finland shrank in 2023 for the second year in a row. However, buying from Chinese online stores is gaining popularity in the country, the Finnish Commerce Federation reports. “The rise of Shein and Temu can be seen in the growth of digital...
by Teuvo Tuomi | Mar 21, 2024 | Vietnam, Business, Lifestyle, Travel
The ancient city of Hoi An has been named “Asia’s Best Corporate Retreat Destination” at this year’s World MICE Awards ceremony in Germany. It beat Bali (Indonesia), Jaipur (India), Kyoto (Japan), Langkawi (Malaysia), Phuket (Thailand), and Siem Reap...
by Teuvo Tuomi | Mar 17, 2024 | Malaysia, ASEAN, Business, Indonesia, Philippines, Society, Southeast Asia, Thailand
The Philippines has the highest number of women in senior management positions in the world, 43%, according to a recent Grant Thornton survey. Filipino companies have consistently ranked near the top in the surveys, including second in 2023, fourth in 2022, and first...
by Teuvo Tuomi | Mar 14, 2024 | Business, Cambodia, Lifestyle, News, Society
Minister of Women’s Affairs Ing Kantha Phavi says Cambodia is one of the top countries in the world when it comes to women’s involvement in business ownership. Up to 70% of the Kingdom’s businesses are female-owned, according to the 2022 Economic Census. “We are...
by Teuvo Tuomi | Feb 20, 2024 | Laos, Business, News
The Lao Ministry of Finance has announced a new regulation on mandatory tax payments for all digital shopping platforms. The ministry divides digital platform shopping websites into three groups: registered enterprises in the Value-Added Tax (VAT) system,...
