SINGAPORE – Singapore topped the list of countries where rich Indonesians stashed money and assets, according to figures on the country’s tax amnesty programme from its finance ministry this week. According to Antara News, the Taxation Directorate General said Singapore accounted for around 57 per cent or 84.52 trillion rupiah (S$8.86 billion) of funds repatriated […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government is focused in improving its ease of doing business indicator by reforming its tax and customs service sector. “The Finance Ministry has two, customs and taxation. Cross border transfer and the ease to pay tax,” says Minister of Finance, Sri Mulyani Indrawati, on Wednesday, March 29, 2017. Despite already […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast to 3.4% from 3.2% predicted three months ago because of a stronger export outlook, as it kept the policy rate unchanged at 1.5% as widely expected. At the meeting, the MPC judged that Thailand’s growth outlook had improved and the […]
Read MoreThe Hanoitimes – In 2014, on average, each Vietnamese firm spends 872 hours paying taxes and the tax costs account for 40.8% of profits, according to the World Bank’s (WB) annual report on the global business environment. Compared to some countries in the region, Vietnamese enterprises have an unfavorable tax payment period. In Laos and […]
Read MoreThe trade volume between Cambodia and the United States in 2016 reached about $3 billion, while nearly 240,000 American tourists visited the kingdom. Foreign Ministry spokesman Chum Sounry told reporters yesterday after a meeting between Foreign Minister Prak Sokhonn and Mom Rady, a Democratic member of the Massachusetts House of Representatives, that Cambodia saw an […]
Read MoreBANDAR SERI BEGAWAN, March 30 (Xinhua) — Brunei’s economy posted a 2.5 percent year-on-year decline in 2016, owing to a slowdown in the oil and gas sector, said the latest statistics released Thursday by the Department of Economic Planning and Development (JPKE) of the Prime Minister’s Office. For the whole year of 2016, the annual […]
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