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Thailand: BOT expected to hike key interest rate

STANDARD Chartered Bank (Thailand) expects the Bank of Thailand (BOT) to start monetary policy normalisation and increase the interest rate by 25 basis points (bps) , from 1.50 per cent to 1.75 per cent, in November. However, due to current concerns about the pace of the baht’s appreciation, Standard Chartered Bank expects no further rate […]

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Malaysia: Tax framework fit for modern business

RECENTLY, there has been much discussion about reforming or modernising Malaysia’s tax framework to fit the nation’s requirements in the 21st century. Increasingly complex business transactions, rising cross border transactions, new ways of doing business, speed of change and technological developments – all these are contributing to the demand for a tax framework that is agile and able […]

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Philippines: Alcohol, tobacco excise tax collections exceed target

MANILA, Philippines — Excise tax collections from alcohol and tobacco products of the Bureau of Internal Revenue (BIR) both exceeded their respective targets in the first nine months, according to the Department of Finance (DOF). In an interview, Finance Undersecretary Antonette Tionko said the government’s alcohol excise tax collection from January to September amounted to […]

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Myanmar: Confusion emerges after foreign liquor ban

At a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]

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