Economy and industry
Property measures pass
The Thai cabinet approved three tax packages on 13 October aiming at reviving the flagging property sector, stimulating start-ups and rebuilding investor confidence. Finance Minister Apisak Tantivorawong said the property stimulus covered both financial and fiscal measures such as cuts in the housing transfer and mortgage fees for homes priced ...
Vietnam, Laos border trade agreement passed
The Vietnamese Government has approved the border trade agreement between Vietnam and Laos, which was inked on 27 June 2015 in the central province of Nghe An.The agreement is expected to create a legal basis for boosting bilateral trade in line with the two countries’ ...
Vientiane airport to be expanded
Expansion of Vientiane’s Wattay International Airport will begin this year to meet growing passenger demand and accommodate VIP aircraft and delegations during the ASEAN Summit in November 2016. In 2011, the total number of passengers passing through the airport was 520,000 people but by 2014 this had ...
Villagers displaced by Xayaboury dam enjoy higher incomes
Villagers who had to leave their homes to make way for the Xayaboury hydropower plant project are now earning more money, thanks to income-generating activities and employment opportunities offered by the project. For instance, one indicator shows that the annual average income per family in Nator ...
Thai 20% corporate tax rate made permanent
The cabinet has made the temporary 20% corporate income tax rate permanent to instil confidence in investors and maintain Thailand’s competitiveness, according to Deputy Prime Minister Somkid Jatusripitak. Keep reading ...
Hunger strikers see no end to pay dispute
The Labour Ministry considers the wage dispute at the Han Jen garment factory done and dusted, but workers yesterday told The Myanmar Times their woes are far from solved. “[The labour director] said the Han Jen worker’s dispute is finished and was resolved okay. Actually, we haven’t ...
Up to 7.4m Chinese tipped to visit Thailand throughout this year
As many as 7.4 million Chinese are expected to visit Thailand throughout this year, confirmed a high-level tourism official on 12 October. Keep reading ...
Laos confident about development of Don Sahong dam
Lao Deputy Prime Minister Somsavat Lengsavad is confident the run-of-river Don Sahong dam in Champassak province will be a success after learning more about the processes involved in the scheme. Mr Somsavat went to the project site in southern Laos on 11 October after visiting Cambodia to ...
Yangon real estate enters election shutdown
Real estate agents in Yangon say the property market has fallen totally silent over the past week, with almost no deals signed. While sales have continued to slow since the start of the year, there has been no buying and selling whatsoever over the past week, ...
Vietnam's small businesses not investing in tech apps, security
Small and medium-sized enterprises (SMEs) in Hanoi are neglecting to use information and technology applications and information security, said Dang Vu Tuan, vice director of Hanoi’s Department for Information and Communications. Tuan said SMEs account for about 95 per cent of the city’s 117,000 enterprises, but only ...
