MANILA, 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 […]
Read MoreThe government has decided to delay implementation of stringent new accounting rules for another year to prevent any adverse impact on businesses. Nuntawan Sakuntanaga, the commerce permanent secretary and chairwoman of the Oversight Committee on Accounting Professions, said Ocap agreed to delay the implementation of International Financial Reporting Standard 9 (IFRS 9) to January 2020. But […]
Read MoreThe 10% service charge imposed by hotels and restaurants will stay when the Sales and Service Tax (SST) returns to replace the Goods and Services Tax (GST) on Sept 1. The Malaysian Association of Hotels president Cheah Swee Hee said the service charge is not to be confused with SST, which has a 10% tax […]
Read MoreThe Hanoitimes – As the Vietnamese government aims to fully divest from Saigon Beer Alcohol Beverage (Sabeco), the presence of state representative in the brewer`s board is not necessary in long-term, according to the Central Institute for Economic Management (CIEM)`s expert. Nguyen Thanh Nam, Sabeco’s current chief executive officer and representative of the Vietnamese Ministry of […]
Read MoreTHE PHILIPPINES is “largely compliant” with international frameworks against tax fraud, according to the latest review of the Organization for Economic Cooperation and Development (OECD), even as it cited areas of concern. “This second-round report concludes that the Philippines is rated largely compliant overall,” which was the same rating in the 2013 first-round report, according […]
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