MANILA, Philippines — The Department of Finance (DOF) has ordered the Bureau of Internal Revenue (BIR) to expedite its audit of almost 30,000 cooperatives to weed out those that abuse the tax incentives. Based on a report to the DOF, the BIR has sent audit notices to 474 cooperatives across the country resulting in tax […]
Read MoreWe believe the Bank of Thailand (BoT) will take a cautious approach to further monetary easing over the coming quarters. We have maintained our forecast for the key policy rate to be kept on hold at 1.50% through 2019, but now forecast a further cut in 2020 to 1.25%. The key reason for the cautious […]
Read MoreIn order to accelerate poverty reduction and to address the growing economic inequality between the rich and the poor, the government, over the last few years has prioritized undertaking a comprehensive tax reform program. The first package of the program which was known as Tax Reform for Acceleration and Inclusion (TRAIN) Law or Republic Act […]
Read MoreMANILA, Philippines — AC Energy Inc., the power platform of the Ayala Group, is expanding into Myanmar—its fourth overseas market— following the deal it signed with Singapore-based Yoma Strategic Holdings Ltd. to jointly work on around 200 megawatts (MW) of renewable energy projects. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said […]
Read MoreBanque pour le Commerce Exterieur Lao Public (BCEL) and EV Lao Company have teamed up to launch a smart card system for the payment of charging costs for electric vehicles. The proposed smart card would link BCEL’s smart card system and EV Lao’s EVBox charging system, Vientiane Times reported. BCEL began offering fee and bill […]
Read MoreSINGAPORE – Takings at the till fell for the seventh straight month in August compared with the same period last year, as sales fell for big-ticket items, especially cars, according to data released by the Department of Statistics on Friday (Oct 11). Retail sales dropped 4.1 per cent year on year, not far from the […]
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