MANILA, Philippines — Term deposit rates rose across the board yesterday, ahead of the impending reduction in the level of deposits that banks are required to maintain with the central bank. The seven-day term deposits fetched a higher rate of 2.8164 percent from 2.7232 percent last week, while the 14-day tenor recorded a rate of […]
Read MoreNETFLIX has an office in Singapore, but it does not collect goods and services tax (GST) for its subscriptions now. Ordinarily, a company that sets up shop in Singapore, and sells services to consumers here, would be charging GST on behalf of the government once they make S$1 million in sales. This consumption tax bill […]
Read MoreWELLINGTON/SYDNEY: The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States. More than 20 provisions have been suspended or changed in the final text ahead of […]
Read MoreTEMPO.CO, Jakarta – Head of the Corruption Eradication Commission (KPK) legal bureau suggested that entrepreneurs would have no reason to worry about KPK’s plan to introduce an anti-corruption policy that would affect the private sector. Head of KPK legal bureau Setiadi said that entrepreneurs should openly welcome the agency’s plan since he claims that it would attract […]
Read MoreBilateral trade between Cambodia and Thailand reached $6 billion last year, up 10 percent from the year before, according to a Thai Embassy official. Jirawuth Suwanna-arj, minister counsellor at the Office of Commercial Affairs in the Thai Embassy, announced the figure yesterday at an event sponsored by the Thai Ministry of Commerce. “We project that […]
Read MoreThe government will take action against those popular restaurants which do not affix commercial tax stamps properly,Yangon Region Minister for Planning and Finance U Myint Thaung said on February 20 at the regional legislature. Some retail stores, department stores and restaurants charge a 5 percent consumer tax fom customers. But nobody knows whether the 5 percent […]
Read More
Thailand
