The General Department of Taxation (GDT) at the Ministry of Economy and Finance earned $1.909 billion in tax income from January to August this year, a 7.34 percent decrease over the same period last year. The GDT stated that the eight-month tax income accounted for 85 percent of the budget law for management in 2021. […]
Read MoreMANILA, Philippines — The construction sector suffered a decline of about 44 percent to P276 billion last year as plans to put up new buildings and expand existing structures were held off by the lockdown. Based on records from the Philippine Statistics Authority (PSA), construction spending sank from P491.8 billion in 2019 due to double-digit […]
Read MoreThe baht opened at 32.95 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.93. The Thai currency is likely to move between 32.90 and 33.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might test the key resistance level of 33.00 to the dollar due […]
Read MoreVietnam’s economy will recover on the back of solid growth achieved in the first half of 2021 after the lockdown is lifted, Dorsati Madani, Senior Economist at the World Bank (WB) Vietnam, has said. The economy is likely to bounce back strongly from the end of the third quarter, similar to how it has recovered […]
Read MorePhnom Penh Autonomous Port (PPAP) says it earned 17 percent more last month than in August 2020. It reported unaudited revenue of just over $3.32 million compared with audited figures of $2.83 million a year earlier. The port operator does not disclose monthly income. The port handled 20 percent more containers than a year earlier […]
Read MoreMANILA, Philippines — The government improved its tax take from fuel marking by nearly 22 percent to P154 billion in the second year of the program due to increased collection from petroleum imports. Finance Secretary Carlos Dominguez yesterday said revenue from fuel marking jumped by 21.65 percent to P153.93 billion in the second year from […]
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