Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]
Read MoreSINGAPORE – Retail sales in Singapore continued to modestly improve with a slightly stronger-than-expected 1.8 per cent rise in July from a year ago, as the majority of categories enjoyed growth. Analysts polled by Bloomberg had tipped sales to rise by 1.7 per cent. July’s performance was slightly below the revised 2 per cent rise […]
Read MoreThe 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 […]
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