MANILA, Philippines — The Bureau of Internal Revenue (BIR) has released three revenue regulations containing implementing rules and regulations (IRR) of the recently enacted tax reform law. Posted on the BIR’s website, Internal Revenue commissioner Caesar Dulay said Revenue Regulations (RR) 11, 12 and 13 amended existing rules involving withholding of income tax, estate and […]
Read MoreExports rose 10% year-on-year in February, but the industries’ sentiment index fell for the first time in four months on concerns about costs. The Commerce Ministry said on Wednesday that exports were valued at US$20.36 billion in February, up 10.3% year- on-year. Exports in the first two months of 2018 rose 13.8% to $40.47 billion. Imports […]
Read MoreKUALA LUMPUR: Malaysia’s government debt to gross domestic product ratio of 51 percent is ”quite high” compared with other countries with an ”A” sovereign credit rating, Moody’s Investors Service said. The high debt, however, was largely denominated in ringgit, mitigating external risks to the Southeast Asian nation. “Just to put things into perspective, Malaysia’s government […]
Read MoreKUALA LUMPUR: The inflation rate in February rose at a slower pace of 1.4% from a year ago, which was much better than a Bloomberg survey of a 1.9% increase. The Statistics Department said on Wednesday the consumer price index (CPI) was impacted by a slower increase in the food and non-alcoholic beverages and a […]
Read MoreThe telecom regulator plans to force all mobile firms to re-register their entire customer bases, despite widespread concerns over its harm to consumer data privacy and the burden it will place on operators. Mobile operators said re-registering their entire user bases would entail a significant financial and manpower burden, raising the possibility of legal consequences for […]
Read MoreThe government is courting foreign investors in a bid to lure investment to fuel its infrastructure development program, given the state budget’s limited capability to fund President Joko “Jokowi” Widodo’s ambitious infrastructure projects. National Development Planning Minister Bambang Brodjonegoro, who recently embarked on a roadshow to the United Kingdom, Australia and Ireland to pitch for […]
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