MANILA, Philippines — The Bureau of Internal Revenue (BIR) collected P17.7 billion in excise taxes in September, up 12 percent from P15.67 billion in the same month in 2016, the Department of Finance (DOF) reported yesterday. Finance Undersecretary Antonette Tionko said the bulk of the total collection in September was contributed by the tobacco industry […]
Read MoreKUALA LUMPUR: CIMB Research expects that the priority projects under Budget 2018 will benefit four major sector drivers, which are public transport, roads, public housing and water infrastructure. The research house said on Monday that 73% of the RM210bil value of projects were focused on rail, including the High Speed Rail (HSR) and the East […]
Read MoreCambodia is an integral constituent of Xi Jinping’s Belt and Road Initiative (BRI), with the number of Chinese investors showing interest in the kingdom’s market growing rapidly, a Chinese economist said yesterday during a conference on promoting cooperation between China and Cambodia. Guoyou Song, professor at Fudan University and director of the Centre of Economic […]
Read MoreDavao-based businessman Dennis Uy is venturing into the convenience store business, on Monday inking a deal to purchase the local operations of Japan’s FamilyMart via listed firm Phoenix Petroleum Philippines, Inc. In a disclosure, Phoenix said it had inked a memorandum of understanding with SIAL CVS Retailers, Inc. and Japanese firms FamilyMart Co., Ltd. and […]
Read MoreConcern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar […]
Read MoreThe Fiscal Policy Office (FPO) has jumped on the bandwagon by raising its 2017 GDP growth forecast to 3.8% on the back of strong export growth. The Finance Ministry’s think tank updated its growth forecast to a band of 3.6-4% with an average of 3.8%, up from 3.6% previously, said FPO director-general Suwit Rojanavanich. The […]
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