U Kyaw Kyaw Maung, governor of the Central Bank of Myanmar (CBM) and his Thai counterpart Veerathai Santiprabhob, have signed a memorandum of understanding (MOU) to promote the use of the Myanmar kyat and Thai baht for trading at the border, according to an October 21 statement issued by the Bank of Thailand. The governors also […]
Read MoreThe Finance Ministry is in the process of writing up regulations for the implementation of tax deductions for research and development (R&D) and labor-intensive industries. The head of the state revenue department at the Finance Ministry’s Fiscal Policy Agency, Syarif Ibrahim, said in Jakarta on Tuesday that the ministry should carefully formulate the regulations to […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures closed at an eight-month high on Wednesday, buoyed by sharp gains in rival oils, though a slightly stronger ringgit and worries over demand from India capped gains. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 0.3% higher at 2,323 ringgit ($554.95) per […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) favors a uniform road user tax instead of different rates for different types of motor vehicles as proposed by Albay Rep. Joey Salceda, who chairs the House of Representatives committee on ways and means. In a letter to Salceda, Finance Secretary Carlos Dominguez expressed support for the […]
Read MoreThe Hanoitimes – Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results. Vietnam continued to move down one notch from the 69th to 70th out of 190 economies in the World Bank (WB) 2020 Ease of Doing Business ranking, although its score […]
Read MoreOVERALL unemployment in Singapore crept up in the third quarter of this year to the highest level since 2009, as more workers were retrenched. At the same time, employment growth shot up to the highest level since 2014. This was the mixed picture painted by the latest preliminary figures on jobs released by the Ministry […]
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