The Ministry of Economy and Finance (MEF) published a prakas yesterday that clearly defines the government’s laws for nontaxable supplies that receive a VAT exemption on primary financial services – a move that industry insiders claim gives more clarity to businesses. Prior to the prakas, primary financial services were loosely defined and difficult for businesses […]
Read MoreTEMPO.CO, Jakarta – Energy and Mineral Resources Ministry official Tagih Pamudji said that mining company Freeport Indonesia wants assurance that the government issue a regulation (PP) on investment stability. “Freeport has submitted documents that we will need to study. The first is about IUPK [special mining permit], and the second one is about investment stability, […]
Read MoreSINGAPORE – The collective net worth of Thailand’s 50 richest on the 2017 Forbes List has reached UScopy23.5 billion, an increase of 16% on the ranking in 2016. The magazine reported that more than two-thirds of the tycoons on the Forbes Thailand Rich List 2017 saw their wealth increase, with the top five notching up […]
Read MoreAS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on […]
Read MoreMANILA, Philippines – The national government spent P50.7 billion for capital outlays in April 2017, up by 1.3 percent from the P50.1 billion reported the same month last year, data from the Department of Budget and Management (DBM) showed. On a year-to-date basis, the total amount spent for infrastructure from January to April declined 1.5 […]
Read MoreThe government is imposing an anti-circumvention tariff on cheap imported products that dodge anti-dumping duties. Wanchai Varavithya, deputy director-general of the Foreign Trade Department, said the Anti-Dumping and Countervailing Act (ADC Act) is being amended to protect domestic entrepreneurs, with a new chapter regarding anti-circumvention penalties being added. The draft amendment has already been completed. […]
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Thailand
