MANILA, Philippines — The Bureau of Internal Revenue (BIR) has eased the tax residency rules for foreign employees who are forced to extend their stay in the Philippines due to travel restrictions amid the coronavirus pandemic. BIR Commissioner Caesar Dulay issued BIR Revenue Memorandum Circular 83-2020, dated Aug. 17, addressing the international tax issues related […]
Read MoreBanking and security firms in Thailand are predicted to spend 48.9 billion baht on technology products and services this year, down 1.7% from 2019, says global research and advisory firm Gartner. The drop is in line with the global trend in spending, which is expected to be subdued by the pandemic. In Thailand, the biggest […]
Read MoreSingaporeans will be given $320 million in “tourism credits” to spend domestically as part of a campaign to prop up local businesses, Deputy Prime Minister Heng Swee Keat announced yesterday. The credits will be called SingapoRediscovers vouchers, named for the $45 million campaign launched last month to drive local spending to Singapore’s eateries, shops, hotels […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in July fell 1.3% from a year ago due to lower fuel prices and it was in line with a Bloomberg forecast, but from a month ago, inflation was seen picking up. Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said in a statement yesterday that the Consumer Price Index […]
Read MoreThe exact date for the signing of the China-Cambodia Free Trade Agreement (FTA) continues to remain unclear as senior officials speculate to Khmer Times that the agreement could be inked in Beijing later this month. The new timeframe for the signing comes after the original scheduled date of August 12, to be held in Beijing, […]
Read MoreThe Treasury Department could reduce rental fees for 30-50 business lessees of state properties to mitigate Covid-19 impact. Many businesses have submitted letters to the Treasury Department requesting a reduction in rental fees by 50%, said director-general Yuttana Yimgarund. Airports of Thailand Plc, Phuket Ferry and various small and medium-sized enterprises operating in the hotel […]
Read More
Thailand
