Prasong Poontaneat, the finance permanent secretary, has delegated the Revenue Department to seek other tax sources to offset forgone revenue in the event that the Palang Pracharath Party’s populist manifesto to cut personal income tax comes into force. A 10% cut across brackets is possible, but the department must analyse which parts of personal income […]
Read MorePETALING JAYA: As Malaysia embarks on its digital banking licensing framework, incumbent banks are feeling the pressure as more non-bank players enter the digital fray. While the competition could be good for consumers, analysts said banks could lose some market share and customer base if they fail to buck up in their digitalisation and investment […]
Read MoreMANILA, Philippines — Central banks worldwide will be keeping a close watch on the Fed’s next move in its meeting this week, with several in the Asia Pacific region prepared to follow through with rate cuts, said foreign market intelligence firms. In its Week Ahead Economic Review issued over the weekend, market intelligence firm IHS […]
Read MoreThe Hanoitimes – Prime Minister Nguyen Xuan Phuc has issued a directive on tightening state administration against trade fraud. Vietnam is determined to take further measures against trade fraud and foreign goods forging Vietnamese origin, and ensure lawful rights of enterprises, according to Mai Tien Dung, minister of the Government Office and head of the […]
Read MoreDEVELOPERS in Singapore moved 1,122 private homes in August 2019, down 4.8 per cent from the 1,179 units they sold in the previous month, but 81.8 per cent higher than the the 617 units sold in August 2018. The above figures – which exclude executive condominium (EC) units – were released by the Urban Redevelopment […]
Read MoreIndia plans to propose the imposition of “safeguard tax” on imports to better protect domestic industries as part of the long-awaited Regional Comprehensive Economic Partnership (RCEP), which is supposed to reduce trade barriers. A government source cited a news report in India that says New Delhi wants the 16 RCEP members to adopt the proposal […]
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Thailand
