TEMPO.CO, Jakarta – Finance Ministry recorded a tax revenue that reached Rp463.5 trillion in May, which is 30.9 percent from the 2017 State Budget target. The government is targeting to achieve Rp1,498.9 trillion of tax revenue by the end of this year. “It’s a positive growth, this is 13.9 percent better than the previous year. Our […]
Read MoreMANILA, Philippines – The World Bank expects a steady economic growth for the Philippines until next year, driven by public and private investment. Based on the World Bank’s June 2017 Global Economic Prospects report, the Philippines is expected to post a steady 6.9 percent growth this year and the next, led by a pickup in […]
Read MoreTOKYO, Japan (Kyodo) — Lao Prime Minister Thongloun Sisoulith said on Monday in Tokyo that international and regional frameworks, including Asia-Pacific Economic Cooperation Forum and the 10-nation Association of Southeast Asian Nations, have “great importance in moving forward the process of globalisation”. Attending a business forum, he noted concern over the rise of antiglobalisation movements […]
Read MoreZhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State. On May 17, the Communist Party-run newspaper quoted […]
Read MoreThe Revenue Department’s collection fell short of target by 80 billion baht for the first eight months to May, largely due to the steep decline in petroleum income tax. The tax shortfall adds to the country’s largest tax-collecting agency a possibility of failing to miss this fiscal year’s target. Petroleum income tax for the eight […]
Read MoreMANILA, Philippines – Akamai, a leading content delivery network services provider for media and software delivery, and cloud security solution, recently came out with its State of the Internet Q1 2017 Report. According to Akamai, the Philippines, together with Thailand and China, led the Asia Pacific cluster in gains with each country enjoying a 20 […]
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