by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | Jun 12, 2024 | Business, Manufacturing, News, Thailand
KKP Research reports that Thailand’s manufacturing production index declined over 15 months between December 2022 and March 2024, despite a global trade recovery. The number of factory closures in the country has been rising since the second half of last year....
by Teuvo Tuomi | Jun 10, 2024 | News, Business, Economy, Manufacturing, Philippines
Factory output in the Philippines bounced back in April, buoyed by higher food manufacturing production, from a contraction in the previous month, the Philippine Statistics Authority (PSA) reports. Preliminary results of the PSA’s latest Monthly Integrated Survey of...
by Teuvo Tuomi | Jun 8, 2024 | Thailand, Business, Investment, Japan, Manufacturing, News
Suzuki Motor will halt production of cars and trucks in Thailand by the end of next year to focus resources on producing electric and hybrid vehicles elsewhere, the company says. The Japanese automaker plans to continue its sales and after-sales services in Thailand...
by Teuvo Tuomi | Jun 7, 2024 | Technology, Business, Entertainment, Lifestyle, Manufacturing, News, Philippines
The Finnish indoor playground SuperPark is launching its second branch in Taguig, the Philippines. The first branch by the Finnish company SuperPark in October 2023 became a huge success, according to Graham Coates, first vice president and head of Megaworld Lifestyle...
by Teuvo Tuomi | Jun 2, 2024 | Economy, Business, Manufacturing, News, Vietnam
Vietnam’s industrial production index (IIP) grew by 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO). The GSO said the IIP in the first five months soared 6.8% year-on-year. The manufacturing and...
