The Finance Ministry is considering whether a capital-gains tax exemption given to investors in the Thai stock market is still essential and is set to review tax incentives offered to several sectors including farmers. Whether the current tax incentives are still crucial for the Thai stock market is one of three initiatives to be weighed […]
Read MoreMANILA, Philippines — Kuala Lumpur-based RAM Rating Services Bhd upgraded the credit rating outlook of the Philippines to positive from stable amid the Duterte administration’s bold infrastructure agenda and efforts for tax reform, alongside robust economic growth and strong external payments position. The Malaysian debt watcher said the country’s outlook was upgraded to reflect the […]
Read MoreMore than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. It said 99.2 percent of tariffs in the “Asean 6” […]
Read MoreThe 10-member Association of Southeast Asian Nations (Asean) is set to sign a free trade agreement (FTA) with Hong Kong following three years of negotiations, according to a Ministry of Commerce official who said the agreement could spur more investment and expand trade with the bloc’s second-largest trading partner after mainland China. Commerce Ministry spokeswoman […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investment (FDI) into the Philippines almost tripled in June, rising 183 percent to $674 million from $238 million a year ago, the Bangko Sentral ng Pilipinas reported yesterday. “In part, the increase in FDI inflows in June was largely due to the expansion in debt instruments […]
Read MoreRegulations to the 2016 Condominium Law, which will be enacted soon, will allow foreign nationals to take a maximum stake of 25 percent in a condominium property, among other new provisions, said U Nway Hmu, deputy director of the housing division under the Urban and Housing Development Department. The real estate market in Myanmar has slowed […]
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Thailand
