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Philippines: Higher tax eyed for e-cigarettes

MANILA, Philippines — The Department of Finance (DOF) will push for the approval of higher excise taxes on electronic cigarette and vaping products in the 18th Congress, a top official said over the weekend. In a text message to reporters, Finance Secretary Carlos Dominguez said the DOF is planning to submit a proposal to the […]

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Vietnam fine-tunes laws to aid business, investment

The Hanoitimes – VAFI estimated that around 80 percent of existing business lines with foreign ownership caps should be removed. The Ministry of Planning and Investment’s latest draft bill on the amendments of the Law on Investment and the Law on Enterprises is designed to further advance the country’s investment environment for firms, including foreign […]

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Mytel fined for anti-competitive behaviour in Myanmar market

The Posts and Telecommunications Department (PTD) has issued a fine of nearly US$200,000 (K300 million) and two warnings to military-backed telecom operator Telecom International Myanmar (Mytel) for violating its rules and regulations after January 1. It also issued two other warnings to two operators for similar offences. Mytel, the fourth operator in Myanmar, was given […]

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Philippines food retail sector to hit $50 billion sales

MANILA, Philippines — The food retail industry in the country will continue to expand with total sales expected to reach a record-high $50 billion, driven by rising income and a growing population. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), the domestic food retail market is seen increasing by […]

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