MANILA, Philippines (Updated 11:35 a.m.) — The Philippine economy recorded a 6.5-percent growth in the second quarter of 2017, the government announced Thursday. The Philippines’ gross domestic product is lower than the 7.1-percent growth in the same period last year but slightly higher than the 6.4-percent growth in the first quarter of 2017, the Philippine Statistics Authority […]
Read MoreThe budget deficit for the 2016-2017 fiscal year ended March 31, 2017 was a little over half of the official target as a result of government under-spending, according to the preliminary data released to members of the parliament. The data revealed an actual deficit of just K2.62 trillion compared to the official target of K4.01 […]
Read MoreThe government has cleared a plan to lower its budget deficit for 2018 but it still requires more funds to repay domestic and overseas loans. The Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, presented the government’s plan to address the deficit at the first joint meeting between the National Assembly’s Eighth Legislature […]
Read MoreHANOI — Vietnamese customers will get access to many of Thailand’s internationally recognised brands at the Top Thai Brands 2017, which began in Hanoi on Thursday. The exhibition, formerly known as the Thailand Week trade fair, will continue till August 20. This year, two days of the event (August 17 and 18) is dedicated for […]
Read MoreNON-OIL domestic exports (NODX) growth rose 8.5 per cent year on year in July, extending the 8.8 per cent growth in June, according to trade promotion agency International Enterprise Singapore. But month on month, NODX fell by a seasonally adjusted 2.5 per cent, after a 2.2 per cent dip in the previous month. Except the […]
Read MoreCompanies listed on Yangon Stock Exchange (YSX) will now need to pay only 20pc income tax, according to the Ministry of Planning and Finance. The stock exchange needs more companies to be on board in order for the stock market to grow and develop. Hence, a 5pc tax discount has been offered to those firms […]
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