Economy and commerce
Trade
Revenue shortfall drives budget deficit abnormally high
Revenue collection for this fiscal year reached only 95 percent of the annual plan, driving the budget deficit to 6.9 percent of gross domestic product, higher than the maximum of five percent usually adopted by the government. Economists have warned that such high deficits will increase ...
Royalties to include rentals under new Thailand-Singapore double tax rules
The New Double Tax Agreement between Thailand and Singapore becomes effective on January 1, 2017. If a Thai resident company has an outstanding rental payable to a Singaporean resident company, they should consider settling the debt before the end of 2016 in order to utilise ...
After Thai King Bhumibol's death, succession may be delayed
On October 13, news broke that Thailand’s 88-year-old king, Bhumibol Adulyadej, died after suffering complications from hemiodialysis treatment at Bangkok’s Siriraj hospital. King Bhumibol, the world’s longest reigning monarch, was revered as a demi-god and, for most Thai citizens, was the only monarch they had ...
Mongla: ‘the wildlife trafficking capital of the world’
Mongla lies on the border of the Xishuangbanna Dai Autonomous Prefecture in southwestern China and Shan State in northeastern Myanmar. Situated in the heart of the Golden Triangle, the city is known among other sad epithets as the wildlife trafficking capital of the world and for drugs, gambling, ...
Chinese deals help, but Cambodia needs to do more: experts
Despite strengthened economic ties following the signing of 31 agreements on October 13 between Cambodia and China, the Kingdom’s agricultural sector still needs to improve before it can fully benefit from the opportunities offered by the largest economy in the region, experts have said on October ...
China’s Xi Jinping visits King, Hun Sen
Throngs of cheering school children greeted Chinese President Xi Jinping upon his arrival in the capital on October 13, with balaclava-clad soldiers enforcing order and whole sections of the city shut down as he paid visits to the King and the prime minister. On his first ...
Thailand forever altered as King Bhumibol Adulyadej dies
After seven decades, the longest-serving monarch in the world has died. Southeast Asia Globe looks back at King Bhumibol Adulyadej’s reign. Thailand’s King Bhumibol Adulyadej, the longest-reigning monarch in the world and the ninth ruler in the unbroken Chakri dynasty, is dead. A reign that ...
Vietnam contributes to dynamic, prosperous Mekong sub-region
Vietnam has been making practical contributions to turning the Mekong sub-region into a dynamic and prosperous economic area via CLMV and ACMECS cooperation framework, Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed. As the 8th Cambodia-Laos-Myanmar-Vietnam Summit, the 7th Ayeyawady-Chao Phraya-Mekong Economic Cooperation ...
Judges and rice: Cambodia's expanding reliance on China
Cambodia is rapidly expanding its diplomatic affair with China. Early last week it appealed to Beijing for help amid plunging rice pricesand then three days later Phnom Penh signed an MoU seeking Chinese assistance in overhauling its much maligned judiciary. The memorandum of understanding allows China ...
Chinese president to touch down in Cambodia as nations consolidate ties
Cambodia is edging increasingly close to China, as the superpower lavishes aid on the ASEAN nation that has proved a robust ally in the South China Sea dispute. Chinese President Xi Jinping will arrive in Cambodia tomorrow for a two-day official visit, consolidating a far-reaching relationship ...
