Weeks after Indonesia reported netting more than US$10 billion from a tax amnesty, the Philippine government said it’s mulling a similar move. Implementing it may not be that easy. In Indonesia, the amnesty gave individuals a reprieve from prosecution if they came clean on unreported income or hidden assets abroad. The Philippines is considering a […]
Read MoreHCM CITY — With their limitations in terms of capital, management, technologies and brand building, Vietnamese small and medium-sized enterprises (SMEs) need support to stay afloat amid the country’s global integration, according to the Vietnam Retailers Association (VRA). Speaking at a seminar titled “Brand Story” in HCM City on Thursday, Dinh Thi My Loan, chairwoman […]
Read MoreADB forecasts 3.5% growth for Thailand in 2017, but the country is still on subpar growth when compared with its Southeast Asian peers The Asian Development Bank (ADB) forecasts Thailand’s economic growth at 3.5% this year, with export growth stated as the main factor of recovery. Developing Asia has continued to perform well, even as […]
Read MorePhilippine monetary authorities are ready to deploy macroprudential measures to address potential tightness in funding conditions as well as strong capital outflows due to shocks from interest rate hikes in the US and tensions in the Korean Peninsula. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. told The STAR the central bank could adopt sound […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister, Budi Karya Sumadi, argues that the Government and Business Entity Cooperation (KPBU) financing scheme used to finance government infrastructure projects will be able to accelerate construction process. It would need more than Rp 1,000 trillion worth of funds to accelerate infrastructure developments. Meanwhile, the ministry’s four year project can only […]
Read MoreThe Finance Ministry has instructed the Revenue Department to improve tax collection efficiency and stem tax avoidance by large corporations, whose tax bills have been falling for the past several years. Over 1,000 large companies classified under the department’s Large Tax Office paid less than the tax-collecting agency’s target in recent years, resulting in a […]
Read More
Thailand
