logo
Read More

Philippines: Oil, gas exploration projects attract 13 applications

MANILA, Philippines — The country’s “Explore, Explore, Explore” program has generated 13 interested applications for the pre-determined areas for oil and gas exploration bared during last month’s launch. Eight parties have nominated new areas for oil and gas exploration activities. “We have 14 pre-determined areas (PDAs) under Philippine Conventional Energy Contracting Program (PCECP) and 13 have applied for the pre-determined areas,” […]

Read More
indo02
Read More

Indonesia, EFTA sign long delayed free trade deal

JAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]

Read More
th05
Read More

Thailand: Scant few eligible for VAT return scheme

A meagre 360,000 of the 11.4 million recipients of the government’s welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month.  The small number was attributed to only a handful of Thong Fah Pracha Rat shops participating in the programme, […]

Read More