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For Asean economies, key response to global tax reforms should be to improve non-tax draws: report

IN the face of global tax reforms to tackle base erosion and profit shifting (BEPS), the most important policy response for Asean economies is to enhance their non-tax competitiveness in attracting foreign investment, analysts from Asean+3 Macroeconomic Research Office (AMRO) said in a note on Tuesday. Proposed changes on tax jurisdiction are likely to benefit […]

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Country seeks to ease Indonesia’s limits

Thailand is calling on Indonesia to remove import restrictions on Thai longan and air-conditioners and plans to hold the first meeting of the Joint Trade Committee (JTC) between Thailand and Indonesia in December to tackle trade obstacles. Speaking after talks with Indonesia’s ambassador to Thailand Rachmat Budiman, Commerce Minister Jurin Laksanawisit said Thai longan exports […]

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Philippine banks support greater mobility

MANILA, Philippines — Philippine banks are strongly supporting greater mobility for fully vaccinated Filipinos to spur domestic consumption and allow the economic recovery to gain more traction, according to the Bankers Association of the Philippines (BAP). With more than half of the population vaccinated in the National Capital Region (NCR) and adjacent areas, BAP president […]

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Mobile Money to be piloted in Vietnam in October

The Ministry of Information and Communications will licence the Mobile Money service in early October to promote digital transformation and the digital economy in Vietnam. Speaking at the Prime Minister’s online conference with the business community and local governments on September 26, Minister of Information and Communications Nguyen Manh Hung emphasized that to create the […]

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