Logo and mascot of 32nd SEA Games and 12th ASEAN Para Games 2023. (Photo: VNA) Phnom Penh (VNA) – The participation of ASEAN member countries in the 12th ASEAN Para Games is not only a success for the host country but also the entire ASEAN family, Secretary-General of the National Paralympic Committee of Cambodia Yi Veasna has said. Speaking after the second meeting of the Coordination Committee of the ASEAN Para Sports Federation and Cambodia ASEAN Para Games Organising Committee (CAMAPGOC) in Phnom Penh, Yi Veasna emphasised that the event will be a good opportunity for Cambodia to promote its culture, peace, civilisation, and development to the world. Yi Veasna, who is also CAMAPGOC Deputy Secretary-General, affirmed that Cambodia is ready to host the SEA Games and ASEAN Para Games 2023, and warmly welcomes the athletes, members of the ASEAN sports delegations, and international visitors. Meanwhile, at the first Chef de Mission meeting for the 32nd SEA Games chaired by … [Read more...] about Cambodia looks forward to hosting 12th ASEAN Para Games
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Global minimum tax application under consideration
Illustrative image (Source: VNA) Hanoi (VNA) – The General Department of Taxation under the Ministry of Finance has said it will keep a close watch on the implementation of the global minimum tax in other countries, listen to opinions of firms impacted by the tax and study guidelines of the Organisation for Economic Cooperation and Development (OECD) to propose its application in Vietnam. The application of the global minimum tax should not create adverse impacts on Vietnam’s foreign investment attraction, and should ensure the country’s tax collection right , said deputy head of the general department Dang Ngoc Minh at a press conference held by the Finance Ministry in Hanoi on March 30. The OECD ’s Pillar Two establishes a global minimum effective corporate tax rate of 15% for large multinational enterprises (MNEs), which has important implications for the use of tax incentives around the world. Deputy head of the General Department of Taxation Dang … [Read more...] about Global minimum tax application under consideration
Trump’s Indonesia partner launches tourism complex on Java
JAKARTA -- Indonesian property firm PT MNC Land launched on Friday a 1,040 hectare (2,570 acre) tourism complex on Java island, where former U.S. President Donald Trump's company will operate a hotel and a golf course. Indonesian President Joko Widodo also inaugurated a special conomic zone within MNC's tourism project, which is called Lido City and located around 60 km (37 miles) south of the capital Jakarta in the Bogor area. MNC Land said the special economic zone status means investors or developers can benefit from corporate and luxury goods sales tax cuts and some leniency on permits, adding benefits included an 80-year building rights title and foreign ownership. It was not clear whether the Trump Organization would also benefit from tax breaks, which include a tax holiday for corporate tax for 10 to 20 years based on the investment value. During his presidency, Trump had kept ownership of his global business empire, but handed off control to his two oldest sons through … [Read more...] about Trump’s Indonesia partner launches tourism complex on Java
VN-Index inks March’s last session in blue with ninth straight gaining session
Almaz conference centre in Vinhomes Riverside, Ha Noi. Vinhomes (VHM) topped the list of stocks pulling the VN-Index most on Friday. — VNS Photo Mai Huong The VN-Index closed at a one-month high in the first quarter’s last trading session, supported by strong buys of both domestic and foreign traders. On the Ho Chi Minh Stock Exchange, the VN-Index ended up 0.49 per cent at 1,064.64 points, extending its rally streak to nine consecutive sessions. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange increased for a second day, up 0.75 per cent to close at 207.5 points. It inched up 0.2 per cent on Thursday. Liquidity in the afternoon session grew by 57 per cent compared to the morning, totaling 723.5 million shares worth VND13 trillion (US$552 million), the highest in more than a month. According to analysts, a long gaining streak showed investors’ expectations near the closing time of the net asset value of funds, pushing up many stocks. On average, this week saw the best … [Read more...] about VN-Index inks March’s last session in blue with ninth straight gaining session