MANILA, Philippines — The Department of Finance on Thursday blamed sugary beverage manufacturers who “might not be paying the correct taxes” for the P10-billion shortfall in the government’s excise tax collection. The excise levies on sugar-sweetened drinks is one of the provisions under the Tax Reform for Acceleration and Inclusion Act that seeks to offset […]
Read MoreAny further increase in Thailand’s policy interest rate would not be continuous, as an accommodative monetary policy is still needed to shore up private consumption and investment, according to the edited minutes of the Bank of Thailand’s Monetary Policy Committee (MPC). “The committee viewed that accommodative monetary policy would remain appropriate in the period ahead, and […]
Read MoreStatistics Indonesia (BPS) on Wednesday announced that the whole-year inflation rate was 3.13 percent, lower than the 3.5 percent target set in the 2018 state budget. The 2018 rate was also lower than 3.61 percent inflation in 2017, but higher than 3.02 percent inflation in 2016. BPS head Suhariyanto said the low figure was caused […]
Read MoreMANILA, Philippines — Manufacturing activities slowed in December as firms cut down on output and new orders, the latest reading of the Nikkei Philippines Manufacturing Purchasing Managers Index (PMI) showed. The headline manufacturing PMI for the Philippines fell to 53.2 in December from 54.2 in November. The quarterly PMI average in the three months to […]
Read MoreKUALA LUMPUR: Kenanga Investment Bank Bhd believes that Bank Negara will retain the overnight policy rate (OPR) at 3.25% this year as part of the strategies to ensure capital market stability, ample liquidity and to remain supportive of banking industry growth. In a research note, Kenanga said year-to-date (YTD) loan growth has moderated to 5.1%, […]
Read MoreAmata VN Plc, a subsidiary of SET-listed industrial estate developer Amata Corporation, plans to develop a 50-square- kilometre plot in Yangon as its second foreign industrial estate in 2019. Amata VN is conducting a feasibility study to allocate budget for the first phase of the industrial estate in Myanmar’s biggest city. In this phase, the company […]
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