Companies listed on Yangon Stock Exchange (YSX) will now need to pay only 20pc income tax, according to the Ministry of Planning and Finance. The stock exchange needs more companies to be on board in order for the stock market to grow and develop. Hence, a 5pc tax discount has been offered to those firms […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to have grown at a slightly slower pace in the second quarter due to weaker private consumption, even as trade remained robust. South-East Asia’s third-largest economy likely grew 5.4% in April-May from a year earlier, easing from 5.6% in the first quarter, according to the median of forecasts by […]
Read MoreTEMPO.CO, Jakarta – The government is targeting Rp1,878.4 trillion in state revenue or an 8.2 increase in the draft 2018 state budget (RAPBN). Finance Minister Sri Mulyani said that out of the Rp1,878.4 trillion, tax revenue target is set at Rp1,609.4 trillion and non-tax revenue at Rp267.9 trillion. “It’s more moderate than the projected tax revenue growth for this […]
Read More55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times. The announcement comes a day after the Directorate of Investment and Company Administration […]
Read MoreMANILA — The Philippine economy grew at a sizzling pace in the second quarter, topping expectations as a government-led construction boom and an extended rebound in the farm sector took some of the sting off a peso currency wallowing at 11-year lows. The Southeast Asian nation is the second-fastest growing economy in Asia after China, […]
Read MoreThe number of 7-Eleven convenience stores in Thailand has topped 10,000, achieving the milestone at a faster pace than in Japan, their local operator says. CP All Public Co, under Thai conglomerate Charoen Pokphand Group Co, says the number of 7-Eleven stores totalled 10,007 by the end of June. It took the Thai operator 28 […]
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