The Finance Ministry plans to raise the excise tax rate on zero-alcohol beer, saying it would discourage people from start drinking. Finance Minister Uttama Savanayana said on Wednesday that the Excise Department of the ministry would soon complete a study on raising tax on zero-alcohol beer from the current rate of 14 per cent, […]
Read MoreMANILA has gained from the trade war between the United States and China, based on a review of export data from the first seven months of 2019 by Maybank Kim Eng analysts. Amid global trade tensions, the Philippines’ shipments to the US and China together rose by 9.2 per cent year on year in the […]
Read More[SINGAPORE] Malaysia’s central bank is likely to keep interest rates unchanged Thursday, although pressure is building for more easing as US-China trade risks continue to rage. Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3 per cent, while eight project a 25 basis-point cut. Swap […]
Read MoreAverage daily new short-term corporate bond issuance and short-dated corporate bond trading in secondary markets slumped by 75% and nearly 50%, respectively, after a 15% withholding tax on gains from investment in fixed-income funds came into force on Aug 20. During Aug 20-30, issuance of short-end corporate bonds averaged 1.12 billion baht a day, down […]
Read MoreThe Hanoitimes – The bill, which amends the Law on Investment 2014 and will be discussed at the National Assembly’s eighth session next month, includes the two long-awaited changes regarding foreign investors. With positive revisions in market access conditions and investment incentives, the draft Law on Investment is expected to open up broader opportunities for […]
Read MoreMANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged […]
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Thailand
