Thailand: Excise tax basis set to change Tuesday, 2 August 2016 – Legal amendments to switch the excise tax basis to state-recommended retail prices from ex-factory prices are expected to come into force by mid-2017, says the Excise Department.The change in the method of calculation will standardise duty collection and create more fairness and transparency, […]
Read MoreSingapore: Singapore’s manufacturing and services sectors mostly see no change in business conditions Friday, 29 July 2016 – The rather gloomy outlook for firms in the manufacturing and services sectors continues, according to the latest business expectations survey by the Economic Development Board (EDB). The survey, released on Friday (July 29), found that a majority […]
Read MoreSingapore: Singapore bank lending dips in June Friday, 29 July 2016 – Singapore’ total bank lending fell in June on smaller loans to manufacturing and financial sectors, central bank data showed on Friday (July 29). Loans and advances by domestic banks amounted to S$590.5 billion in June, data from the Monetary Authority of Singapore showed, […]
Read MoreSingapore: Jobless rate, layoffs rise amid sluggish economy Friday, 29 July 2016 – The labour market is showing increasing signs of strain, as unemployment climbed in the second quarter of the year and layoffs hit a seven-year high. Economists interviewed expect this situation to persist for the rest of the year as Singapore’s economic growth […]
Read MoreLaos: Laos still facing challenges in AEC integration Wednesday, 13 July 2016 – Among the challenges are product labelling when Laos exports goods to neighbouring countries. Although Asean has cut more than 90 per cent of tariffs and barriers towards AEC integration, there are behind-the-scenes issues that pose a challenge for Laos, a senior trade […]
Read MorePhilippines: Weak peso in Q1 pulls down debt prepayments Friday, 8 July 2016 – Debt prepayments by both public and private borrowers were lower in the first quarter of this year, according to Bangko Sentral ng Pilipinas (BSP) data.The reason for it seems to be the relatively weak state of the peso in the first […]
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