HANOI — The Tax Department of HCM City has decided to suspend its decision to collect VND3.14 trillion (US$134.8 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for the company’s special sales tax violations. The suspension was made following the Government Office’s official letter, dated January 2, in which Prime Minister Nguyen Xuan Phuc requested the […]
Read MoreHANOI — Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VND30 million (US$1,280) per day for international credit and debit cards from early this year to meet a central bank regulation. Vietcombank on Thursday announced it has adjusted the limit for its cardholders, starting […]
Read MoreMost Thai exporters are worried about the baht appreciating against the US dollar, fearing it will hit exports and farm incomes amid the slowing of both local and global economies. “A stronger baht will hurt our rice price competitiveness amid weaker currencies in the region, such as India,” Thai Rice Exporters Association president Charoen Laothammatas […]
Read MoreMANILA, Philippines — Headline inflation may ease back to the two to four percent target earlier than expected this year, according to the Bangko Sentral ng Pilipinas. BSP officer-in-charge Diwa Guinigundo said in a text message that the central bank is reviewing its forecasts as inflation eased to a seven-month low of 5.1 percent in […]
Read MoreKUALA LUMPUR: The minimum workers’ share of the Employees Provident Fund (EPF) contribution for those above 60 will be reduced to 4% per month will start with the January 2019 salary contribution from February. The EPF said in a statement on Monday the employees’ share of contribution rate will be 0%. It said the new […]
Read MoreTrade Minister Enggartiasto Lukita has estimated that export growth in 2018 would reach only 7.5 percent, far below the targeted 11 percent, although the official result has not been released. Last year’s 11 percent target was already lower than the 16 percent export growth achieved in 2017. Enggartiasto has attributed the lower export growth to global economic turbulence that led […]
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Thailand
