MANILA, Philippines — The Securities and Exchange Commission has issued new guidelines for non-profit organizations. Under the new guidelines issued by the SEC, non-profit organizations will be subject to heightened monitoring to protect them from money laundering and terrorist financing abuse. In particular, the SEC now undertakes the task of identifying non-profit organizations that are […]
Read MoreThe Energy Ministry plans to open bidding for independent power producers (IPPs) for a combined capacity of 8,300 megawatts (MW) this year. This will be the fourth round after IPP rounds for a combined capacity of 14,948MW that occurred in 1994, 2008 and 2013. Permanent energy secretary Kulit Sombatsiri said new IPPs will be developed […]
Read MoreKUALA LUMPUR: The country’s industrial output in November 2018 rose faster than expected by 2.5%, above a Bloomberg survey of 2.3%, according to the Statistics Department. Its chief statistician Datuk Seri Mohd Uzir Mahidin said on Friday the growth in November 2018 was supported by the increase in manufacturing index (3.6%) and electricity index (3.2%). […]
Read MoreTrading across borders has improved due to the government’s effort to create a more business-friendly environment, a local report said on Thursday, quoting Lao Ministry of Industry and Commerce. Lao ministries and other government bodies are making efforts to improve the ease-of-doing-business (EDB) climate after Laos’ EDB ranking as assessed by the World Bank dropped […]
Read More(KPL) The Department of Tax has launched a system that ensures land tax payment isbank-based, safe, and fast. “To improve tax payment mechanism and method for convenience, verifiability and ensure the integration of tax revenue information system, the Department of Tax in cooperation with a local IT company andBanque Pour Le Commerce Exterieur Lao (BCEL) has conducted a research […]
Read More2018 was the year e-commerce established itself as one of the region’s fastest growing sectors. Over the past three years, it has been the most dynamic sector of the digital economyaccounting for close to US$11 billion in gross merchandise value (GMV) in 2017, exceeding US$23 billion in 2018. By comparison, in 2015, the sector’s size was […]
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