MANILA, Philippines — The deadline for income tax payments was extended anew until the end of May, while reporting for other levies was also pushed back as part of government reprieve to taxpayers amid the coronavirus disease-2019 (COVID-19) outbreak. The new rules, laid out under Revenue Regulations 10-2020, will benefit taxpayers and businesses whose movements […]
Read MoreDespite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction has yet to be raised.” Yim Piseth, the chairman of […]
Read MoreS&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-19 uncertainty, with a possible downgrade given heightening political uncertainty and persistent sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from […]
Read MorePrime Minister Thongloun Sisoulith has moved to prolong Prime Ministerial Order 06/PM, effectively extending the lockdown period for Laos until 3 May. “The situation regarding Covid-19 has the potential for further spread with 19 cases of infection now confirmed in Laos,” said Prime Minister Thongloun in a statement to the press today. “One patient has […]
Read MoreKUALA LUMPUR, April 15 — While the series of economic stimulus package announced by the government will support domestic demand and economic growth, the package also leaves the government with a wider fiscal deficit at least for 2020, says Moody’s Investors Service. Moody’s said that the package would also increase the government’s fiscal consolidation challenge over the next few years, particularly […]
Read MoreThe Hanoitimes – The agreement would protect lawful rights of the business communities in Vietnam and the US, promoting greater trade relations. Prime Minister Nguyen Xuan Phuc has signed a resolution approving the Customs Mutual Assistance Agreement (CMAA) between Vietnam and the US which aims to further strengthen bilateral cooperation on security and the facilitation of […]
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