Banking and financial industry figures have called on the government to abolish the 10 percent value added tax on the sector and asked for further discussion. The industry thinks the tax will increase the burden on financial service users. The call came after the Ministry of Economy and Finance issued an order on May 25 […]
Read MoreAn economist supported Prime Ministerial Order No. 09 issued on May 19 to ensure the effective use of the State budget, but called for the government to promote stronger spending on local products. Independent and experienced economist Dr Mana Southichak told Vientiane Times recently that spending can be good for the country’s economy, but the […]
Read MoreMANILA, Philippines – The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law. “Our […]
Read MoreMANILA, Philippines – The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law. “Our […]
Read MoreBANGKOK: Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, it said. PTT said Sunday it is also carrying out relief measures to power plants and gas stations after the JDA’s A-18 block stopped operating on Saturday. Operations have […]
Read MoreThailand’s risk of being labelled a currency manipulator by the US is “de minimis” or unlikely as the baht movement is in line with other Asian currencies, says an executive at Citibank. Movement of the local currency has not been as volatile as it could have been based on domestic political events the past few […]
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