MANILA, Philippines — The Philippines can afford to gradually cut corporate income tax (CIT) rates to stimulate investments, as the country also seeks to reduce fiscal incentives from businesses that do not need them. “Some ASEAN countries, like the Philippines, have scope to cut the statutory CIT rate in a gradual manner, which could encourage […]
Read MoreTEMPO.CO, Jakarta – Communication and Informatics Minister Rudiantara asserted the ministry will surely shut down social media platform Facebook in Indonesia following its users` data breach scandal. “We will see the progress first. But I will not hesitate if I have to close Facebook,” said Rudiantara in South Jakarta, on Monday night, April 9. As previously reported, Facebook was involved […]
Read MoreThe Hanoitimes – The Ministry of Finance expects to remove and simplify 188 business conditions under its authority before June 30 this year. The number accounts for 50.8 percent of the total business conditions regulated for 21 industries and sectors under the ministry’s authority, representatives of the ministry said during a recent meeting with the Prime […]
Read MoreDespite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]
Read MoreSINGAPORE – Resale prices of condominiums and private apartments climbed to a fresh record last month, according to flash estimates from real estate portal SRX Property on Tuesday (April 10). Prices for non-landed private homes rose by 1.5 per cent against February’s peak. The price change for February was revised upwards to 2 per cent, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to pursue major reforms to sustain the strong position of Philippine banks. BSP Deputy Governor Chuchi Fonacier said the regulator would continue to craft meaningful and proactive reforms that are aligned with best practices and international standards, and at the same time sensitive to […]
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