The Finance Ministry has said that large repayments for overpaid value-added tax (VAT) in the manufacturing sector had reduced the tax revenue in January to Rp 86 trillion (US$6.10 billion). Taxation Directorate General spokesman Hestu Yoga Saksama said on Thursday that gross tax revenue grew 11.49 percent in January to Rp 105.28 trillion, but the obligation to repay VAT overpayments had reduced growth to 8.82 percent […]
Read MoreThe Hanoitimes – It is difficult to have a specialized law governing all sharing economy activities, due to its fast-changing nature in practice, requiring the availability of specific regulations to address separate issue in each sector. Vietnam must support the development of sharing economy, instead of prohibiting new business models for fear of it getting out […]
Read MoreIn a bid to bolster the local telecommunications sector, Telecom Cambodia, a state corporation, yesterday signed a memorandum of understanding with Chinese-owned Southeast Asia Telecommunications, or Seatel. The MoU aims to advance the development of the local ICT sector and help Cambodia come in line with regional standards. It also seeks to support TC’s growth […]
Read MoreMANILA, Philippines — The national government incurred a fiscal deficit of P558.26 billion in 2018, surpassing the revised ceiling set by economic managers for the period. According to a document obtained by reporters, the national government’s fiscal deficit widened by 59.23 percent to P558.26 billion in 2018 from P350.6 billion in 2017. The figure was higher than the revised […]
Read MoreA group of retailers has repeated its call for the government to split the duty-free shop concession at Suvarnabhumi airport. Worawoot Ounjai, president of the Thai Retailers Association (TRA), said the association stands by its position that there should no longer be a master concession for operating duty-free business at the country’s gateway airport. Airports of […]
Read MoreKUALA LUMPUR: Genting Singapore Ltd’s management is cautious over the Singapore market in 2019 given the uncertainty of the economic environment although business volume has improved for nearly two years. “Going forth, the sustainability of business volume remains the key in the midst of an uncertain economic condition,” said Kenanga research in a Friday note. […]
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Thailand
