In December, it was revealed that the government of Thailand had passed a bill that it hoped would ensure more effective tax collection, especially from e-commerce businesses. The new law requires financial institutions to report customer accounts which receive either more than 3,000 deposits and money transfers or more than 400 deposits and money transfers with a total of at least US$61,087 a year to the Revenue Department.
The Government of Thailand is striving to turn Thailand into a transport hub for six countries in the Greater Mekong Subregion (GMS), following an infrastructure development project worth 100 billion baht (over 3 billion USD) in the Thai border provinces.
As part of the Free Trade Agreement (FTA) between Hong Kong and the Association of Southeast Asian Nations (ASEAN), tariff reduction and services market access between Hong Kong and three ASEAN members will come into force in June, the Hong Kong Special Administrative Region (SAR) government said Thursday.
Investors from the United States and China are increasingly turning their sights to other regions, especially Asean markets, amid the protracted trade war between the superpowers, a conference has heard.
Tourism in Asean is set for a significant upside, but more needs to be done in areas such as infrastructure, and there are risks of over-reliance on China arrivals and casinos, according to a new Maybank report, Asean Tourism: Blue Skies, But Keep Your Seatbelts Fastened.
South Korea’s exports to Southeast Asia jumped 11.6 percent last year from a year earlier, becoming the largest export market for Asia’s fourth-largest economy for a second year, as big companies like Samsung Electronics Co. and LG Display Co. expanded business particularly in Vietnam, data showed Wednesday.
Cambodia's exports to the European Union (EU) could see an estimated decline of 513 - 654 million USD a year if the EU suspends the Everything But Arms (EBA) trade preferences for the country, said a World Bank's report released on May 6.
The Philippines and other Southeast Asian countries may lose their competitiveness as a location for businesses over the next decade due to rising labor costs in the region, a unit of Fitch Ratings said.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
