Richard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]
Read MoreMANILA, Philippines — The national government’s revenue is projected to reach P2.806 trillion this year due to additional collections to be generated from the final tax reform law, data from the Department of Finance (DOF) showed. According to DOF estimates, the government’s revenue program for this year may be slightly adjusted upward to P2.806 trillion […]
Read MoreTEMPO.CO, Jakarta -The Chinese Government has allowed Indonesia to export mangosteen to China after the fruit commodity was banned for four years due to the lack of quality standards. “As of January, China issued a new regulation stating that we can export mangosteen again,” said Ad-Interim Indonesia chargé d’affaires for China Listyowati on Wednesday, January 10. She said that […]
Read MoreMANILA, Philippines — The government’s efficiency in collecting corporate income taxes is suffering due to the grant of fiscal incentives and perks to various industries, according to a high ranking official of the Department of Finance (DOF). In a statement, Finance Undersecretary Karl Kendrick Chua said the Philippines, despite having one of the highest corporate […]
Read MorePhillip Securities Thailand has allowed Thai investors to speculate on bitcoin via an international global derivatives trading service, while Thailand’s market regulators are in consensus that the move is legitimate. Such service offers bitcoin futures trading on the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). Bitcoin futures kicked off in two […]
Read MoreTEMPO.CO, Jakarta – Director General of Customs and Excise of the Ministry of Finance Heru Pambudi said that the technical regulations on electric cigarette excise tax will be issued immediately. The regulations will also include excise from other tobacco processing products, such as e-cigarette, liquid vape, and also chewing tobacco. “The regulation will come out this mid-month,” he said, […]
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