Businesses following the sharing economy model are facing problems in tax declaration. Because of the lack of regulations, the taxation body may be taxing inaccurately or missing taxpayers. Difficult to collect tax The Ministry of Finance (MOF) has released a report on taxes and tax management in the sharing economy. The ministry says the current […]
Read MoreSINGAPORE – The road to recovery for the labour market is likely to be slow and uneven, with resident unemployment rates taking a longer time to reach pre-crisis levels compared with during the global financial crisis, said the Monetary Authority of Singapore (MAS). In its review of the macroeconomic situation released on Wednesday (Oct 28), MAS said the […]
Read MoreThe half-half co-payment scheme has registered 10 million people, with total accumulative spending tallied at 1.3 billion baht. The half-half co-payment scheme will subsidise registered individuals who make purchases at small shops, with the government subsidising 50% of receipts. The government will pay for half of food, drink and general goods purchases totalling up to […]
Read MoreKUALA LUMPUR: Malaysia’s exports in September expanded by a stronger pace of 13.6% to RM88.93bil, far exceeding a Bloomberg survey of a 1.7% increase, as shipments of manufactured products jumped. The Ministry of International Trade and Industry (MITI) said in a statement on Wednesday the September exports were the highest export value ever recorded for […]
Read MoreMANILA, Philippines — The government is eyeing to raise P140 billion next month through the regular issuance of securities in the domestic market, the Bureau of the Treasury (BTr) announced yesterday. According to the BTr, the government is planning to sell P80 billion worth of Treasury bills (T-bills) and P60 billion worth of Treasury bonds […]
Read MoreBank Indonesia (BI) still has the option to cut its benchmark interest rate further to aid the recovery of the pandemic-battered economy, after keeping its rate unchanged for four consecutive months, BI Governor Perry Warjiyo has stated. However, the central banker said, further cuts to the seven-day reverse repo rate (7DRRR) would depend on domestic and global […]
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Thailand
