MANILA, Philippines — The Department of Finance (DOF) has directed the Bureau of Internal Revenue (BIR) to work closely with the Department of Trade and Industry (DTI) in curbing a new scheme perpetrated by illegal tobacco traders involving the suspected use of recycled tax stamps on fake cigarettes. Finance Secretary Carlos Dominguez has ordered BIR […]
Read MoreJAKARTA/BRUSSELS: Indonesian President Joko Widodo and Malaysian Prime Minister Mahatir Mohamad have signed a joint letter of objection to the European Union over its plan to phase out the use of palm oil in renewable fuel, and sent delegations to complain in Brussels. The letter was sent to the EU over the weekend, said Luhut […]
Read MoreSumpan Kiatsommart, president of Basini Enterprise, which makes shoes for export, decided 15 years ago to set up a second factory near the Three Pagodas Pass in Sangkhla Buri district, Kanchanaburi, to avoid a labour shortage. Mr Sumpan’s decision proved sage, as a huge workforce and cheaper wages followed, which increased the company’s export competitiveness. Founded […]
Read MoreA draft bill on e-business tax, a levy on foreign-based online platform operators earning income in Thailand, is at risk of not being vetted by lawmakers before the government leaves office. The draft bill is being deliberated by the Council of State, said permanent secretary for finance Prasong Poontaneat. The bill should have been on […]
Read MoreThe government has lowered the investment target for new and renewable energy to US$1.79 billion this year from $2.01 billion in the previous year. However, the realization of renewable energy development only reached 79.60 percent of the target or $1.6 billion, last year. The Energy and Mineral Resources Ministry’s renewable energy and energy conservation director general, […]
Read MoreSingapore is giving new small and medium-sized enterprises (SMEs) access to two foundational digital solutions of their choice for free – at least in the first six months of the 18-month commitment period. The Start Digital initiative, launched by Infocomm Media Development Authority (IMDA) and Enterprise Singapore on Wednesday (Jan 9), will allow SMEs to […]
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