Many businesses in Mandalay tied to border trade with India and China have slowed or nearly stopped due to the coronavirus pandemic, and many observers say it will take a long time to recover from the sluggish market conditions. Mandalay Region Chamber of Commerce and Industry (MRCCI) Chair U Kyaw Min said, “It’s good that […]
Read MoreThe government is pushing regencies to slash street lighting taxes (PPJ) for 31 million of Indonesia’s poorest homes in helping them weather the economic shocks from the COVID-19 pandemic. The plan is estimated to free up Rp 95.26 billion (US$6.1 million) in liquidity each month but also lowers each regencies’ locally generated incomes (PAD), out […]
Read MoreCapital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downturn caused by COVID-19. BRG Group Chairwoman Nguyen Th Nga said the Government recently approved extension of tax payment and land lease dues, but many tax officials were not fully aware of the principle and there were also […]
Read MoreThe Government has submitted a proposal to the National Assembly to extend the agricultural land tax exemption policy to the end of 2025 to support farmers and encourage the development of agriculture. The Ministry of Finance said an estimated VND7.5 trillion (US$3.2 billion) in agricultural land tax would be exempted every year in the 2021-25 […]
Read MoreMANILA, Philippines — Foreign borrowings of the national government amounted to $2.38 billion in the first quarter, 30 percent lower than the $3.42 billion recorded in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The Philippines raised 1.2 billion euros via the issuance of three- and nine-year global bonds in […]
Read MoreAs the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). The report said that remittances shelter a large number of poor and vulnerable households, underpinning the […]
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Thailand
