MANILA, Philippines — The Bureau of Customs will now require the conduct of post-clearance audit on importers and brokers, as well as the prior disclosure in their goods declarations in a bid to further improve its revenue collection capabilities. Customs commissioner Rey Leonardo Guerrero issued Customs Administrative Order 01-2019, dated Nov. 29, 2018, prescribing the policies and guidelines on […]
Read MoreFITCH Solutions analysts are looking at looser fiscal policy from the Singapore government in February’s Budget, according to a short commentary out on Monday. Citing an impending global slowdown and the pressure on the Republic’s export-driven economy, the report said that the rising external downside risks “are likely to prompt policymakers to adopt policies to cushion the economy through […]
Read MoreONLINE and mobile payments usage has grown by more than 100 per cent in 2017 compared to the previous year. Over the same period, the usage of both debit and credit cards has also increased, jumping over 30 per cent with BND2 billion being spent. Speaking as the chief guest at the launch of the […]
Read MoreKUALA LUMPUR — Malaysia ranked 12th among the countries and territories investing in Vietnam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia. The country pumped $254.76 million into 41 new investment projects in Vietnam from the start of 2018 to December 20, while its investors added $27.47 million in total to their capital at […]
Read MoreNINE commercial banks and two state banks have reported a combined net profit of Bt218.29 billion last year, representing a rise of 5.3 per cent from the previous year. Of the nine commercial banks, seven posted growth in net profit while two others – Siam Commercial Bank and CIMB (Thai) Bank – saw declines. Two […]
Read MoreMANILA, Philippines — Philippine economic growth likely picked up in the fourth quarter of last year after slumping in the third quarter due to higher oil and food prices, according to the economic research and analysis arm of Moody’s Corp. In a report, Katrina Ell, economist at Moody’s Analytics, said the Philippines’ gross domestic product […]
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