MANILA, Philippines — The Department of Finance (DOF) is targeting to expand real property tax (RPT) collection of localities to more than P113 billion by 2024 through a multilateral-funded project that seeks to strengthen valuation and collection nationwide. In a statement yesterday, the DOF said it is looking to collect P113.4 billion from RPT in […]
Read MoreThe Vietnam Association of Financial Investors (VAFI) has called for gradually bringing bank deposit interest rates down to zero so that lending interest rates could be cut to boost growth. The current rates of 3.5-6.2 percent are high compared to other countries, and lead to higher loan interests, it said. Short-term deposit rates in ASEAN […]
Read MoreThe Finance Ministry has asked state-run banks to consider lowering interest rates to 0% until the end of this year as part of the government’s efforts to curb household debt, compounded by the outbreak. Permanent finance secretary Krisada Chinavicharana said Finance Minister Arkhom Termpittayapaisith held a meeting on Monday with state financial institutions to discuss […]
Read MoreKUALA LUMPUR: Industry players increased their spending for environmental protection by 7% to RM2.89bil in 2019 with Johor spending the largest amount among the states, according to the Statistics Department. In its Environmental Protection Survey Report 2020 issued on Wednesday, it said the spending was higher than in 2018 driven by higher capital expenditure (capex) […]
Read MoreMANILA, Philippines — The government trimmed its fiscal deficit in May to a little over P200 billion as collecting agencies improved their tax take to push overall revenues by more than 69 percent. Based on data from the Bureau of the Treasury (BTr), the budget deficit in May narrowed by less than one percent to […]
Read MoreThe cabinet on Tuesday approved the Phuket sandbox tourism scheme that sees the island reopen on July 1, followed by a trio of destinations in the Gulf of Thailand — Koh Samui, Koh Phangan and Koh Tao — on July 15, allowing in fully vaccinated tourists from some countries. Government spokesman Anucha Burapachaisri said the […]
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