MANILA, Philippines — The Philippines is among the countries in emerging Asia that has room to support growth by loosening fiscal policy, provided that debt levels are checked and the budget deficit under control, London-based think tank Capital Economics said. In a new regional report titled “Which countries are running out of fiscal firepower?” the macroeconomic research firm said most countries […]
Read MoreThe Bank of Thailand kept its policy rate unchanged yesterday, but the close vote of 4-3 added to the likelihood of the first rate hike in more than seven years at 2019’s final meeting in December. Four members of the Monetary Policy Committee (MPC) voted to hold the rate steady at 1.50%, while three voted for […]
Read MoreGLOBAL trade tensions continue to dominate this year’s headlines and the shift of production to efficient Asean countries is accelerating. Asean businesses are clearly paying attention and are making incremental changes to their supply chains, but is the pace of change fast enough? HSBC’s global Navigator survey – which was launched this week and included […]
Read MoreTEMPO.CO, Jakarta – Minister of National Development Planning/head of the National Planning Board (Bappenas), Bambang Brodjonegoro, has stressed the importance of boosting export to cover the rising trend of current account deficit. “It is true that the problem in oil and gas sector has caused the deficit. But if we can export more, the deficit can be covered,” Brodjonegoro stated on Wednesday. The central bank, Bank Indonesia (BI), has recorded an increase of current account deficit (CAD) in the third quarter of 2018 […]
Read MoreMANILA, Philippines — The government is seeking to further boost the domestic capital market by harmonizing tax rates on capital income and financial products as proposed under the fourth tax reform package, the Department of Finance (DOF) said Wednesday. In a presentation to the House Committee on Ways and Means, Finance Undersecretary Karl Kendrick Chua […]
Read MoreKUALA LUMPUR: The special voluntary disclosure programme under the Budget 2019 is the last window of opportunity for non-compliant taxpayers to voluntarily disclose assets held in and income derived from offshore accounts, says a tax consultant. Amarjeet Singh, who is a partner and the Malaysia tax leader of Ernst & Young Tax Consultants Sdn Bhd, said […]
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