MANILA, Philippines — The government tripled its debt service to more than P81 billion in November last year, keeping up with efforts to cut the country’s outstanding obligations to within manageable levels. Based on records from the Bureau of the Treasury, the November debt payment grew three-fold to P81.24 billion from P26.79 billion a year […]
Read MoreThe government will start implementing the e-commerce value-added tax (VAT) from April 1, as the General Department of Taxation (GDT) updates a variety of technology systems for taxpayers. Eng Ratana, director of the Large Taxpayer Department at the GDT under the Ministry of Economy and Finance, on January 18 spoke at an online seminar on […]
Read MoreKUALA LUMPUR, Jan 24 — The great reset in the global retail industry is firmly in place. After two years of the Covid-19 pandemic, the industry is fast reshaping itself with hybrid cloud and artificial intelligence (AI) to meet shifting consumer shopping and sustainability preferences. Institute for Business Value (IBV), in association with the National […]
Read More(Bloomberg) — Indonesia and Singapore are starting a quarantine-free travel between the two countries to spur the economy as Covid-19’s omicron cases become more dominant. A dedicated travel bubble arrangement between the resort islands of Batam-Bintan in Indonesia and the city state would boost tourism and other economic activities, according to Coordinating Minister for Economic […]
Read MoreExtending land rental fees and taxes payment deadlines are among key measures from the Government to support businesses and individuals during the pandemic. The Vietnamese Government in 2021 extended the payment deadlines for VND121 trillion (US$5.3 billion) worth of land rental fees for businesses and individual households affected by the pandemic. By late 2021, the […]
Read MoreThe government insists the state Oil Fund still has sufficient funding to subsidise retail diesel prices until March 31 and sees no urgent need to cut the excise tax on diesel. Energy Minister Supattanapong Punmeechaow said the government has not yet considered additional borrowing for the state Oil Fund because it has enough funding to […]
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Thailand
