MANILA, Philippines — Banks continue to invest their excess liquidity in the financial system as term deposits fetched mixed yields at yesterday’s auction, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Tenders at the term deposit auction facility (TDF) amounted to P128.83 billion against the issue size of P100 billion as the seven, 14, and […]
Read MoreThe Hanoitimes – China’s rising labor costs, the looming US trade war and Vietnam’s high growth are accelerating an already strong trend of foreign firms driving away from China to the Southeast Asian country. Man Wah Holdings, a furniture maker in Hong Kong, last month bought a Vietnam sofa manufacturing and export company for US$68 million, […]
Read MoreThe Revenue Department anticipates that 80-100 large foreign-based digital platform operators that render services to Thai consumers will sign up as value-added tax (VAT) registrants in Thailand after the e-business tax comes into force. These foreign e-business operators, dominating 80-90% of Thailand’s e-business service value, will be willing to register for VAT payment to avoid tarnishing […]
Read MoreMANILA, Philippines — The government collected P152.72 billion in excise taxes in the first half, exceeding the P136.82 billion target by 11.61 percent mainly due to higher “sin tax” collections, according to the Department of Finance. Based on DOF data, the amount was also 71.43 percent higher than the P89.09 billion generated in the same […]
Read MoreThe government plans to increase the subsidy for Solar-branded diesel fuel to Rp 2,500 (US 17 cents) per liter in 2019, from the current subsidy of Rp 500 per liter. Solar costs Rp 5,150 per liter at the current subsidized rate Finance Minister Sri Mulyani Indrawati said on Wednesday that the increased subsidy was possible upon projections […]
Read MoreTOKYO: Japan and Thailand agreed on Wednesday to work together towards the Southeast Asian country’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as the two nations boost economic cooperation aimed at promoting free trade. In a joint statement issued after a bilateral high-level meeting in Tokyo, Japan reaffirmed its “full support” […]
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Thailand
