The government will press ahead with collecting digital tax despite a recent announcement by the United States Trade Representatives (USTR) to investigate such a policy, which the US said was aimed squarely at its technology giants. Finance Minister Sri Mulyani Indrawati said Tuesday the government was only requiring internet companies to pay value-added tax (VAT) […]
Read MoreThe Hanoitimes – In a worse scenario where GDP would expand 3.6% this year, Vietnam’s fiscal deficit is forecast at 5.02% of GDP and public debt at 56.4%. In two growth scenarios set by the government for this year, Vietnam’s public debt and fiscal deficit indicators in the 2016 – 2020 period would stay below the […]
Read MoreMANILA, Philippines — Revenues generated by the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) declined by 50 percent in May compared to last year’s level due mainly to the extension of the deadline for the filing and payment of income taxes, the Department of Finance (DOF) said yesterday. In a press […]
Read MoreTHAILAND’S economy will not fully recover from the novel coronavirus pandemic for another two years, no thanks to the drag from an insipid tourism industry, one economist has warned. Citi analyst Nalin Chutchotitham expects economic activity to rebound to 2019 levels only in mid-2022, as the killer contagion compounds structural issues such as an ageing […]
Read MoreNON-OIL domestic exports (NODX) in Singapore finally succumbed to the Covid-19 pandemic to post a 4.5 per cent drop year on year in May, after four straight months of growth. The fall, following a 9.7 per cent rise in April, was due mainly to a decline in non-electronics exports. Month on month, NODX also posted […]
Read MoreAirlines are eager to fly internationally again as soon as bilateral agreements between countries with low coronavirus risk are settled, as the aviation industry continues to struggle with unprecedented financial stagnation. Santisuk Klongchaiya, chief executive of Thai AirAsia (TAA), said the airline is ready to resume international flights once “travel bubbles” are successfully created and […]
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