MANILA, Philippines — Petroleum and tobacco excise tax collections under the Tax Reform for Acceleration and Inclusion (TRAIN) Act rose above target in the first half mainly due to better compliance from industry stakeholders, according to the Department of Finance (DOF). Based on DOF data, oil excise tax collections as a result of the TRAIN’s […]
Read MoreCambodia became the latest country in Southeast Asia to host the launching of a new book about the Association of Southeast Asian Nations (Asean). The launching of ‘An Evolving Asean: Vision and Reality’ was held yesterday at the Cambodia office of the Asian Development Bank (ADB). The book, which compiles the writings of seven leading […]
Read MorePETALING JAYA: Solar power-related players in Malaysia are among the key beneficiaries of Budget 2020, on the back of tax incentives aimed at boosting the Malaysian green economy. Budget 2020, which was tabled by Finance Minister Lim Guan Eng last Friday, introduced a 70% income tax exemption of up to 10 years for companies undertaking […]
Read More[NEW YORK] Add Singapore to the list of headaches for sugar producers. The country, one of Asia’s biggest per capita consumers, plans to implement a ban on ads for packaged drinks with very high sugar content in a health campaign. The move joins government crackdowns on sugar consumption from Chile to South Africa. Sugar has […]
Read MoreBrunei economic growth is expected to pick up in 2019 to 1.8 per cent, with the outlook improving further over the medium term, driven by stronger oil and gas (O&G) activities from asset rejuvenation and large foreign direct investment (FDI) projects. This was highlighted by International Monetary Fund (IMF) in its 2019 article IV consultation […]
Read MoreThe Hanoitimes – Private investors, especially foreign investors, remain skittish about investing in infrastructure projects due to high risks, long-term payout schedules, and site clearance issues The Vietnamese government is trying to lure investors to the country’s infrastructure development projects amid limited public funding and experts believe the investors will come if the government can […]
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Thailand
