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Philippines: Inflation unlikely to hit 4% this year

MANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]

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Thailand:Taxing e-commerce

Does it make sense to impose a new tax on cross-border e-commerce transactions in Thailand to tackle profit shifting and tax avoidance by multinational firms? The government, for obvious reasons, certainly thinks so. Industry experts, however, may need some convincing. Thailand is making inroads into new tax rules with the government seeking what it terms […]

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