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FTAs Help Cambodia Attract More Foreign Investment: National Bank

FTAs Help Cambodia Attract More Foreign Investment: National Bank

by Teuvo Tuomi | Jul 8, 2024 | Cambodia, Business, Infrastructure, Innovation, Investment, News, Trade

The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s Governor Chea Serey says....
Thailand Continues to Underperform: BoT

Thailand Continues to Underperform: BoT

by Teuvo Tuomi | Jul 5, 2024 | Economy, Business, Inflation, Infrastructure, Innovation, Investment, News, Thailand, Tourism, Trade

Thailand’s economic growth potential is expected to hover around 3% for the next five years, according to Bank of Thailand governor Sethaput Suthiwartnarueput. This is a decline from closer to 3.5% reported in the years before the Covid-19 pandemic. Many households in...
Indonesia to Impose 200% Import Tariff on Chinese Goods

Indonesia to Impose 200% Import Tariff on Chinese Goods

by Teuvo Tuomi | Jun 29, 2024 | Economy, China, Indonesia, News, Trade

Indonesia will soon impose up to a 200-percent import tariff on Chinese goods to mitigate the effects of the ongoing trade war between China and the United States. Indonesia’s Trade Minister Zulkifli Hasan says that the policy will take effect once the related...
Thailand Starts Collecting VAT on Cheap Imported Goods

Thailand Starts Collecting VAT on Cheap Imported Goods

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...
Thailand’s OECD Membership One Step Closer

Thailand’s OECD Membership One Step Closer

by Teuvo Tuomi | Jun 20, 2024 | News, ASEAN, OECD, Thailand, Trade

The OECD Council has unanimously decided to commence the accession process with Thailand. Thailand has now attained the status of an OECD Accession Country. Joining the 38-nation group would enable Thailand to play a more prominent role on the global stage and elevate...
Malaysia Ready to Join BRICS

Malaysia Ready to Join BRICS

by Teuvo Tuomi | Jun 19, 2024 | Malaysia, News, Southeast Asia, Trade, Visions

Malaysia will soon begin formal procedures to join the intergovernmental organization BRICS (Brazil, Russia, India, China, and South Africa), according to Prime Minister Datuk Seri Anwar Ibrahim. “We have made the appropriate decision. We will launch the formal...
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