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  • August 28, 2015

    BOT, Malaysian central bank ink agreement on currency cooperation

    ... transaction costs for businesses. "The establishment of this framework will pave the way for greater financial and economic integration in the Asean region. This bilateral arrangement [will] further strengthen trade and investment flows between Malaysia and Thailand as well as in fostering closer economic...

    Business
  • August 28, 2015

    Russia plans more industrial parks for Asean

    Viktor Tarusin, executive director of the Russia-Asean Business Council, said some platforms such as industrial parks for Asean businesses had already been proposed, with Asean ambassadors, who visited the sites in June. "We have a number of active industrial parks, but what is more important is that they are run...

    Business
  • August 28, 2015

    Kingdom's new inheritance tax and gift tax explained

    ... tax at the rate of 5 per cent. Taxpayers who do so can exclude such income from taxable income in their computation of annual tax payable. In Asean, the Philippines and Vietnam are the two countries that tax income from inheritances or gifts. The Philippines imposes an inheritance tax with a tax...

    Business
  • August 28, 2015

    Regional giant still ambivalent towards AEC

    These 18-year-olds are at the forefront as Astra, Indonesia's largest carmaker, gears up for the Asean Economic Community (AEC) next year. "We hold seminars on AEC and emphasise the idea during lessons, to stress to them why they need to continuously improve themselves," says the polytechnic's director...

    Opinion
  • August 28, 2015

    Don't expect too much from Somkid's economic dream team

    ... was China's recent economic hiccup and stock market meltdown, which sent ripples through the global economy, including Thailand. China has been Asean's largest trading partner since 2009, and last year Thailand was its fourth largest trading partner in Asean. Varavan Tarapoom, chief executive officer of...

    Politics
  • August 28, 2015

    Aid domestic consumption, govt told

    ... products picked up more overseas sales last month, reflecting recovering demand in some markets, mainly the US, Japan and neighbouring countries in Asean.

    Business
  • August 28, 2015

    ThaiNamthip in joint venture for Laos' first Coca-Cola bottling plant

    ... and chief executive of the Coca-Cola Company, said inauguration of the new plant |in Laos completed the US-based Coca-Cola system's presence in Asean. "With the establishment of this plant, our business now proudly manufactures and distributes beverages locally in each of the 10 Asean member countries, providing...

    Business
  • August 28, 2015

    Thai PM vows commitment to code of conduct on South China Sea row

    Thailand is the country coordinator assigned to Asean-China relations for 2012 to 2015. Prayut, who is visiting Manila for the first time since he assumed office in August last year, said he and Aquino discussed their views on the issue during the hour-long expanded bilateral meeting held in Malacaang...

    Breakingnews
  • August 28, 2015

    Philippines, Thailand eye agreements on education, fight vs drugs

    ... are confident that this agreement will further strengthen our defence and security cooperation for the welfare of our peoples and of our brothers in Asean," Aquino said. Prayut was elected prime minister in August last year, months after he launched a military coup against the government. ...

    Politics
  • August 27, 2015

    New MICE campaigns to tap Asean 6

    Asean 6 is an informal grouping of the 10 Asean members plus China, India, Japan, South Korea, Australia and New Zealand. TCEB president Nopparat Maythaveekulchai said that in an effort to boost these market segments, the bureau had designed three marketing campaigns for the 2016 fiscal year (October 2015 to September...

    Business