TEMPO.CO, Jakarta – Business Competition Supervisory Commission (KPPU) Chairman Syarkawi Rauf admits that the level of economic inequality in Indonesia is in a very worrying state. “The inequality in Indonesia is nearly reaching [the level of disparity in] several African countries,” said Syarkawi today, July 14. According to Syarkawi, this phenomenon can happen because of several reasons. […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati assured that the negotiation of tax cooperation between Indonesia and Singapore is running smoothly. The Indonesian government is currently registering the wealth of Indonesian citizens in Singapore. “We are applying the principle that is mentioned in the Base Erosion and Profit Shifting (BEPS),” said Sri Mulyani on Thursday, July 13. BEPS was formed as a […]
Read MoreLao economy is set to remain one of the fastest growing in the region in coming years as long as the global economic recovery remains on track, local daily Vientiane Times reported Thursday. The World Bank projected the Lao economy to expand at around 7 percent in 2017-19, while the International Monetary Fund (IMF) has […]
Read MoreMANILA — A $500 million tax settlement offer by a tobacco maker may be difficult for the Philippine government to refuse as it struggles to raise funds. Caesar Dulay, head of the tax agency responsible for 80% of revenue, said he is keen on accepting a 25 billion-peso (16.7 billion baht) compromise offer from Mighty […]
Read MoreMyanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. The project, which covers an area of over 193 acres […]
Read MoreGROWTH in Singapore’s services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace. Advance estimates released by the city-state’s Ministry of Trade and Industry on Friday morning showed that the services sector – which accounts for a major proportion of […]
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Thailand
