The government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). The report shows that the amount increased 3.71 percent compared with the same period last year and was 78.10 per […]
Read MoreSINGAPORE: Singapore’s central bank is likely to keep monetary policy unchanged as it allows fiscal measures to do the heavy lifting in getting the city-state’s economy back on track. The Monetary Authority of Singapore (MAS), which uses the currency as its main policy tool rather than interest rates, probably will refrain from changing any of […]
Read MoreIndonesia’s economic downturn is likely to be worse than previously expected as Southeast Asia’s largest economy struggles to contain the coronavirus pandemic, says the International Monetary Fund (IMF). Indonesia’s gross domestic product (GDP) is now expected to shrink by 1.5 percent this year rather than the 0.3 percent contraction the IMF had projected in June. […]
Read MorePETALING JAYA: The growth forecast for the Malaysian economy has been downgraded by CGS-CIMB Research following the government’s decision to enforce conditional movement control order (CMCO) covering Selangor, Kuala Lumpur and Sabah from Oct 14 to 27. The research house now expects the gross domestic product (GDP) to contract by 4.4% this year compared to […]
Read MoreMANILA, Philippines — Emerging market economies, including the Philippines, are facing constraints in government spending amid long-lasting revenue losses due to the coronavirus disease 2019 or COVID-19 pandemic, according to Moody’s Investors Service. The debt watcher said the ability of governments in emerging markets to implement and enforce effective revenue-raising measures would be an important […]
Read MoreThe Private Economic Development Research Board, under the Advisory Council for Administrative Procedure Reform, has proposed a 30% reduction in corporate income tax for all businesses this year. The proposal is faced with mixed reactions, however. The author of this article, from another angle, also believes it is not plausible. Specifically, according to the Private […]
Read More
Thailand
