Philippines: BOC creates group to address revenue collection goals Wednesday, August 10, 2016 – The Bureau of Customs has created a group to address its persistent failure to meet revenue collection targets. In a statement yesterday, Customs commissioner Nicanor Faeldon said he established the committee on revenue enhancement (CORE) to find solutions on the “huge […]
Read MorePhilippines: Oil exploration firms appeal COA ruling on income tax payment Wednesday, August 10, 2016 – The Petroleum Association of the Philippines (PAP) is appealing a Commission on Audit (COA) ruling for exploration companies to pay income tax on top of the royalties paid to government. In a briefing yesterday, PAP executive director Benjamin Austria […]
Read MorePhilippines: Gross borrowings down 6.6% in H1 Wednesday, August 10, 2016 – The previous administration borrowed less in its last month in office, but the first semester tally remained up by more than a third from last year, data from the Bureau of the Treasury showed. Gross borrowings amounted to P33.13 billion in June, down […]
Read MorePhilippines: Purefoods posts 37% rise in profit in H1 Wednesday, 10 August 2016 – San Miguel Pure Foods Co. Inc. (SMPFC), the listed food subsidiary of diversified conglomerate San Miguel Corp., reported a net income of P2.5 billion in the first half, up 37 percent from the previous year on the back of election-related spending. […]
Read MoreCambodia: Drop in US exports seen as a wake-up call Tuesday, 9 August 2016 – The industry body for the nation?s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive […]
Read MoreVietnam: Vietnamese real estate draws Singapore investment Tuesday, 9 August 2016 – Investment from Singapore into Vietnamese real estate is increasing with the presence of seasoned investors, according to Dau Tu (Investment) newspaper. Consul General to the city Leow Siu Lin said Vietnam is one of the leading markets of Singapore . Many Singaporean property […]
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