MANILA, Philippines – The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law. “Our […]
Read MoreMANILA, Philippines – The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law. “Our […]
Read MoreBANGKOK: Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, it said. PTT said Sunday it is also carrying out relief measures to power plants and gas stations after the JDA’s A-18 block stopped operating on Saturday. Operations have […]
Read MoreThailand’s risk of being labelled a currency manipulator by the US is “de minimis” or unlikely as the baht movement is in line with other Asian currencies, says an executive at Citibank. Movement of the local currency has not been as volatile as it could have been based on domestic political events the past few […]
Read MoreSINGAPORE (Xinhua) – A global investment survey conducted by Legg Mason Global Asset Management shows that the investment decisions of 63 per cent Singaporeans are still influenced by the 2007/2008 global financial crisis. Legg Mason, a leading manager with 728 billion US dollars in assets under management, released the Global Investment Survey 2017 for Singapore […]
Read MoreHanoi (VNA) – The Presidents of the front organisations of Cambodia, Laos and Vietnam signed a tri-lateral cooperation programme for the period 2017-2020 at their third conference held in Hanoi on June 25. The programme aims at further enhancing the ties among the three parties in line with the Memorandum of Understanding (MoU) on cooperation […]
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