MANILA, Philippines — Multilateral lender International Monetary Fund (IMF) has stressed the importance of fiscal stimulus to revive the tourism sector in countries like the Philippines amid the pandemic. In a paper titled “Tourism in the post-pandemic world,” the IMF said fiscal support could help offset some of the losses in the economy caused by […]
Read MoreThe Revenue Department expects tax revenue collection from the upcoming e-service tax to tally more than 5 billion baht per year as the pandemic crisis has stirred traffic on online platforms. The department previously expected the e-service tax to generate revenue of 5 billion baht in the first year after it takes effect. “The pandemic […]
Read MoreThe Hanoitimes – Increasing online shopping has resulted in higher tax revenue. The amount of tax collected from e-commerce activities in 2020 was five times higher than in 2019, as online shopping has become more popular among Hanoi’s consumers, according to the Hanoi Tax Department. The city earned a VND123 billion (US$5.3 million) tax revenue from […]
Read MoreAfter the signing of the Regional Comprehensive Economic Partnership trade agreement, the bilateral free trade agreement (FTA) between Cambodia and China and the successful conclusion of FTA negotiations with South Korea, Cambodia is now looking towards the potential for a bilateral free trade deal with India. Spokesman for the Ministry of Commerce Penn Sovicheat said […]
Read MorePETALING JAYA: The prevailing low interest rates have attracted more money market funds (MMFs) into the domestic market. Based on the Lipper data, the total size of these funds currently stands at RM110bil. This represents less than 10% of the total deposits market. The time is ripe according to analysts for such funds to gain […]
Read MoreThe Hanoitimes – It is the final conclusion of an Indonesian agency for cold steel sheet imported from Vietnam. The Indonesian Anti-dumping Committee (KADI) will impose anti-dumping tariffs on cold-rolled steel imports from Vietnam and China after a 16-month investigation, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. The […]
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Thailand
