SINGAPORE: A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore’s economy, with analysts saying the figures offer a warning that Asia is heading for a slowdown as China-US tensions bite. While it may be one of the smallest countries in the world, the export […]
Read MoreThe Thailand-Myanmar border bridge gate is seen from the Myanmar side of Myawaddy town, Karen State, in 2014. Border trade between October 1 and July 5 of the current fiscal year has totaled US$8 billion, which is up by around 17 percent compared to the same period last year, according to the Ministry of Commerce. […]
Read MoreThe Taxation Directorate General has revoked a regulation on individual income tax to simplify the tax calculation process and ensure legal certainty. Tax office spokesman Hestu Yoga Saksama said Taxation Regulation (Perdirjen) No. 14/2019, issued on July 3, to revoke Perdirjen No. 32/2010 on individual income tax collection for certain businesses. The 2010 regulation was a derivative […]
Read MoreSINGAPORE – If the leverage limit for Singapore real estate investment trusts (S-Reits) is raised above the current 45 per cent limit, debt markets can no longer take a “broad-brush” approach and assume S-Reits are “low-risk”. Instead, Reits need to be assessed on a case-by-case basis as the financial discipline of their managers is crucial, said OCBC […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s overall inflation rate to accelerate to 1.6% in June (May: 0.2%), fuelled by the low-base effects arising from the removal of the Goods and Services Tax (GST) last year. It said on Monday the inflation rate had plunged to 0.8% in June 2018 after the removal of the GST, […]
Read MoreMANILA, 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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Thailand
