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Philippines: Fiscal deficit narrows to P42.6 B in H1

MANILA, Philippines — The country’s budget deficit shrunk in the first six months due to lower government spending, according to the Bureau of the Treasury (BTr). According to the latest cash operations report of the BTr, the national government incurred a fiscal deficit of P42.6 billion from January to June, 77.9 percent lower than the […]

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Foreign investors get dual benefits from Vietnam’s new FTAs

The Hanoitimes – The agreement’s new rules of origin will make it easier to trade products tariff-free when they include inputs from other countries the EU has trade agreements with. Vietnam’s new-generation free trade agreements, the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), have helped Vietnam-based foreign […]

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Thailand: PPRP tax plan sparks fear

The Palang Pracharath Party’s (PPRP) proposed lowering of personal income tax has raised concerns over a reduction in state revenues. The proposal was one of the election campaign pledges made by the PPRP, the core coalition party, and the issue is picking up attention ahead of the government’s announcement of its policy manifesto later this […]

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