MANILA, Philippines — The government collected P152.72 billion in excise taxes in the first half, exceeding the P136.82 billion target by 11.61 percent mainly due to higher “sin tax” collections, according to the Department of Finance. Based on DOF data, the amount was also 71.43 percent higher than the P89.09 billion generated in the same […]
Read MoreThe government plans to increase the subsidy for Solar-branded diesel fuel to Rp 2,500 (US 17 cents) per liter in 2019, from the current subsidy of Rp 500 per liter. Solar costs Rp 5,150 per liter at the current subsidized rate Finance Minister Sri Mulyani Indrawati said on Wednesday that the increased subsidy was possible upon projections […]
Read MoreTOKYO: Japan and Thailand agreed on Wednesday to work together towards the Southeast Asian country’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as the two nations boost economic cooperation aimed at promoting free trade. In a joint statement issued after a bilateral high-level meeting in Tokyo, Japan reaffirmed its “full support” […]
Read MoreKUALA LUMPUR: AmBank Research expects Bank Negara Malaysia’s monetary policy committee (MPC) to retain the overnight policy rate (OPR) at 3.25% for the rest of this year due to the lower inflationary trends. It said on Thursday its forecast was based on the current inflationary trajectory and Bank Negara’s outlook during the recent MPC meeting […]
Read MoreMANILA, Philippines — Fitch Ratings has affirmed the one notch above minimum investment grade credit rating and stable outlook of the Philippines on the back of the country’s strong macroeconomic fundamentals, but flagged anew overheating risks. The rating agency retained the ‘BBB” rating or a notch above minimum investment grade as the estimated five-year average […]
Read MoreGOOGLE Thailand yesterday launched a series of initiatives, including free high-speed public Wi-Fi, to enable more Thai consumers and businesses to participate in the growth of the digital economy. The initiatives were announced at the first Google for Thailand event, held in Bangkok under the theme “Leave no Thai behind”, aimed at promoting equality of […]
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