Indonesia’s tax office has announced several tax incentives for oil and gas contractors operating in the country. At the exploration stage, the tax office will waive outstanding value added tax (VAT) or luxury tax (PPnBM) on acquired taxable goods used in the oil exploration process. It also deducts 100 percent of outstanding land and building […]
Read MoreThe government is stepping up efforts to remove hurdles to cross-border trade between Thailand and Malaysia as the Commerce Ministry will host a business matching event for entrepreneurs of the two countries next month to boost bilateral trade. Deputy Prime Minister and Commerce Minister Jurin Laksanawisit was speaking after a meeting with representatives from the […]
Read MoreThe Hanoitimes – If excluding the price factor, the growth rate was 9.03% in the period, higher than an 8.98% rise recorded in the same period in 2018. Total retail sales of consumer goods and services in Vietnam reached an estimated VND3,215.5 trillion (US$138.33 billion) in the first eight months of 2019, up 11.5% against the […]
Read MoreThe Ministry of Public Works and Transport on Friday announced that the Asian Development Bank is conducting a feasibility study for a logistics centre in the capital. Phnom Penh Logistic Centre, part of the government’s Logistics Master Plan, will be developed as a public-private partnership. Pich Chhieng, director of the general directorate of logistics, said […]
Read MoreMANILA, Philippines — A Supreme Court (SC) ruling which increases the internal revenue allotment (IRA) share of local government units (LGUs) has been flagged by economic managers as a risk to the country’s fiscal stability. In its Fiscal Risks Statement 2020, the Development Budget Coordination Committee (DBCC) cited the SC’s decision on the Garcia and […]
Read MoreThe Council of Ministers has given a green light to a public investment programme that will see the government and its development partners spend $14.4 billion in more than 600 projects over the next three years. The amount is $9 billion higher than the last public investment programme approved by the Council of Ministers. The […]
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Thailand
