MANILA, Philippines — The government should consider increasing excise taxes on tobacco products to at least 75 percent of the average retail price to generate additional revenue for COVID-19 measures. Jeremias Paul Jr., a former undersecretary at the Department of Finance who now leads the World Health Organization (WHO)’s fiscal policy unit, said raising tobacco […]
Read MoreIn the US, policymakers are in a dilemma when they want to tighten money pumping into the economy to prevent the risk of high inflation, but they are afraid of losing the recovery momentum. The Bank of Canada (BoC) has decided to keep its key lending rate unchanged at a record low of 0.25% based […]
Read MoreThe online food delivery segment is expected to be robust in the final quarter, driven by the platforms’ participation in the government’s Khon La Khrueng (half-half) co-payment scheme. The third phase of the co-payment scheme has expanded to cover food delivery platforms. People can use their services linked with the scheme from Oct 4. Alejandro Osorio, […]
Read MoreIN 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 […]
Read MoreThailand 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 […]
Read MoreMANILA, 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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