Vietnam: Coffee firms want State help Wednesday, 10 August 2016 – The Vi?t Nam Coffee and Cacao Association (Vicofa) has proposed to the State that it launch credit support for local coffee firms competing with foreign companies. The association said that local enterprises must pay interest rates of between 6.5 per cent and 7 per […]
Read MoreVietnam: Central bank keeps eye on credit growth Wednesday, 10 August 2016 – The State Bank of Vi?t Nam (SBV) will closely watch credit growth and direct the credit flow into production in the remaining months of this year. SBV’s Governor Lê Minh H?ng said that the central bank would continue its flexible monetary policies […]
Read MoreVietnam: Oil pushes VN Index up again Wednesday, 10 August 2016 – Vietnamese shares advanced yesterday as the oil sector was boosted by a positive trend in global oil prices. The benchmark VN Index on the HCM Stock Exchange rose 1.3 per cent to finish at 637.34 points, extending a gain of 1.6 per cent […]
Read MoreIndonesia: Indonesian President mulling cutting corporate tax rate to 17% to match Singapore Wednesday, 10 August 2016 – Indonesia’s President Joko Widodo is considering cutting the corporate tax rate to 17 per cent from 25 per cent to match Singapore’s tax rate, he has said. “The thinking is simple. If Singapore’s corporate income tax is […]
Read MorePhilippines: Budget releases hit P2.68 T from January to July Wednesday, August 10, 2016 – Budget releases of the new administration surged in July, consistent with President Duterte’s promise to spend more and widen the deficit. A total of P2.68 trillion or 89.1 percent of the P3.002-trillion outlay has been released to agencies in the […]
Read MorePhilippines: BOC creates group to address revenue collection goals Wednesday, August 10, 2016 – The Bureau of Customs has created a group to address its persistent failure to meet revenue collection targets. In a statement yesterday, Customs commissioner Nicanor Faeldon said he established the committee on revenue enhancement (CORE) to find solutions on the “huge […]
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Thailand
