The Bank of Thailand is giving the baht — the most-loved emerging-market currency this month — one more reason to keep up its outperformance. Piggybacking on a strong current-account surplus, the baht has braved developing-market doldrums and topped returns among 24 currencies tracked by Bloomberg. It is also the sole gainer in Asia this quarter. […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has released the guidelines for the imposition of excise tax on sugar-sweetened beverages, pursuant to the Tax Reform for Acceleration and Inclusion (TRAIN) Act. The BIR issued Revenue Regulations 20-2018, dated July 25, 2018 and signed by Finance Secretary Carlos Dominguez and Internal Revenue commissioner Caesar […]
Read MoreThe Hanoitimes – The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government is set to limit imported items that are profusely filling the domestic market under a fiscal policy mechanism. This strategy is hoped to help improve the country’s trade balance and reduce the pressure from the predictably widened current account balance. “We have identified the items in question and we are reviewing at least […]
Read MoreMANILA, Philippines — The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) Law may result in higher electricity rates for consumers and impact the renewable energy sector, according to consumer group Laban Konsyumer Inc. In a statement, LKI president and former trade undersecretary Victorio Dimagiba said they have warned Finance Secretary Carlos Dominguez that power rates […]
Read MoreKUALA LUMPUR (Reuters) – Malaysia will not allow foreigners to buy residential units built at the $100 billion Forest City project in Johor, Prime Minister Mahathir Mohamad said on Monday. The project has been wracked by uncertainty since Mahathir’s coalition scored a shock victory at a May general election, as developer Country Garden Holdings Co […]
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