MANILA, Philippines — The Bureau of Internal Revenue (BIR) expects to generate P52.13 billion in additional revenue this year from the collection of 2018. According to data from the Department of Finance (DOF), P52.03 billion of the BIR’s collection this year is expected to come from the excise tax on sugar-sweetened beverages. The amount is […]
Read MoreThe Hanoitimes – The Ministry of Planning and Investment (MPI) must rapidly finalize the revised draft Law on Public Investment to submit it to the National Assembly for approval. Prime Minister Nguyen Xuan Phuc stated this at a meeting to implement 2018 tasks of the MPI on January 15. The disbursement of public investment capital last […]
Read MoreMANILA, Philippines — The government’s inter-agency task force on ease of doing business is ramping up efforts and speeding up reforms to improve the country’s competitiveness and remove bureaucratic red tape. Trade Secretary Ramon Lopez, chair of the National Competitiveness Council and the inter-agency Doing Business Task Force, said all instrumentalities of government involved in […]
Read MoreThe Hanoitimes – Chinese enterprises tend to enhance their presence in Vietnam through M&A, especially in the real estate sector. “From 2016 up to now, China investment capital into Vietnam climed sharply; in which, production capacity is expanding and large investment projects are thriving”, quoted by Chen De Hai, Chinese Consulate-General as saying. Chen De Hai […]
Read MoreThe government has given reluctant parents a big push in the form of generous tax breaks aimed at encouraging them to have more than one child. Nathporn Jatusripitak, the spokesman for Deputy Prime Minister Somkid Jatusripitak, said on Tuesday the cabinet had approved three tax deductions to lure couples to have more babies. They will […]
Read MoreThe Bank of Thailand (BoT) has increased the size of the maximum international money transfer allowed each customer for non-commercial bank business from 200,000 baht per day to 800,000 baht per day in a move to curb the strong baht. Vachira Arromdee, assistant governor for financial markets operations, confirmed the increase in the allowed daily […]
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