JAKARTA: Indonesia has room to increase fuel subsidies without widening its budget deficit beyond a projected maximum of 4.85 per cent of gross domestic product, thanks to windfall revenue from high commodity prices, a finance ministry official said on Thursday (Mar 17). Indonesia has kept prices of its most widely consumed fuels unchanged despite a […]
Read MoreThe General Department of Taxation (GDT) boss has shed some more light on the department’s decision to postpone the implementation of value-added tax (VAT) on e-commerce transactions until April 1. GDT director-general Kong Vibol on March 17 led a discussion on income tax, capital gains tax and VAT for e-commerce. This comes exactly two months […]
Read MoreVietnam’s commitment to achieving net zero emissions by 2050 at COP26 is expected to bring a tailwind of opportunities, facilitating the export of made-in-Vietnam products. Towards this goal, Vietnam would need to change its mindset from how to efficiently use energy for production, to what is the efficient way to create products. Nguyen The Chinh, […]
Read MoreMANILA, Philippines — The Philippines is expected to post slower economic growth and higher inflation this year despite an assurance from the Bangko Sentral ng Pilipinas (BSP) that the country is insulated from the ongoing Russia-Ukraine war, according to S&P Global Ratings and Moody’s Investors Service. In its latest Global Macro Update titled “Preliminary Forecasts […]
Read MoreThe baht opened at 33.26 to the US dollar on Friday, strengthening from Thursday’s close of 33.30. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.20 and 33.40 during the day. He reckons the baht has a chance to strengthen as the currency market is open to more […]
Read MoreJakarta (ANTARA) – The Board of Governors of Bank Indonesia decided to maintain the benchmark interest rate, or the 7-Day Reverse Repo Rate, at 3.5 percent during their meeting on March 16–17, 2022. Meanwhile, the deposit facility interest rate has been kept unchanged at 2.75 percent, and the lending facility interest rate is at 4.25 […]
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