MANILA, Philippines — The government recorded higher excise tax collection from cigarettes in the first seven months of the year, with two Big Tobacco firms paying hefty levies that the state could use to keep the country’s healthcare system running amid the pandemic. In a statement on Monday, the Department of Finance said the Bureau […]
Read MoreThe recent surge in Covid-19 cases in Southeast Asia has throttled ports and locked down plantations and processors, sparking extended disruptions of raw materials such as palm oil, coffee and tin. Restrictions in Malaysia, the world’s second-largest producer of palm oil, have prevented migrant laborers from traveling to plantations, raising prices of the ubiquitous edible […]
Read MoreKUALA LUMPUR, Sept 20 — The ringgit slid against the US dollar in the week’s first trading day amid jitters ahead of the US Federal Reserve (US Fed) meeting which starts tomorrow. At 6pm, the local note fell to 4.1905/1950 from 4.1700/1730 at last Friday’s close. Bank Islam chief economist Mohd Afzanizam Abdul Rashid said […]
Read MoreForeign invested enterprises (FIEs) have suggested a strategy on controlling the pandemic in every area so as to safely restore production and business activities. A number of associations of enterprises, including AmCham Vietnam, the US-ASEAN Business Council, EuroCham and KoCham have made proposals related to the PM. They believe Vietnam needs to act promptly to […]
Read MoreThe Customs Department is preparing to lower duty on the import of alcoholic beverages and cigars by 50% for five years in line with the government’s economic stimulus and investment promotion package. Patchara Anuntasilpa, director-general of the department, said the cuts are in accordance with the Sept 14 cabinet resolution involving plans to revive the […]
Read MoreMANILA, Philippines — Dollars sent home by expatriate Filipinos are expected to grow at a faster rate of six percent, from the original forecast of four percent this year, amid the continued reopening of economies hosting overseas Filipino workers (OFWs), according to the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, managing director of the BSP’s […]
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