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Philippines: BIR suspends tax audits

The Bureau of Internal Revenue (BIR) on Monday announced it had recalled mission orders issued to taxpayers under investigation, noting that tax audits failed to improve revenue collections. In a statement on Monday, the bureau also said it had ordered all revenue officers of its National Investigation Division (NID) to submit an inventory of all […]

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Laos, Cambodia development bodies eye future cooperation

Representatives of the Lao Front for National Development (LFND) and the National Council for Solidarity Front for the Development of Cambodia Motherland (SFDCM) met in Vientiane yesterday to discuss future cooperation. The Cambodian delegation is visiting Vientiane from February 3-7 to further strengthen relations between the two national development bodies. During his five-day visit to […]

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Indonesia has Great Sharia Finance Potential: President

TEMPO.CO, Jakarta – At the session of National Committee for Sharia Finance, President Joko Widodo (Jokowi) has remarked that the potential of Islamic finance development in Indonesia is very great, considering the country has largest Muslim population in the world. Therefore, he urged related parties to be serious to work on this potential. “I see that this […]

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Asean e-commerce: hidden tigers meet tech dragons

WITH 158 million middle class consumers, Asean is often seen as the next frontier for the e-commerce market. Despite experiencing rapid expansion over the past five years, e-commerce penetration is still less than 2 per cent of total retail sales in Asean. However, we think the Asean e-commerce scene is about to change significantly, thanks […]

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Thailand: Welfare plan targets underground debts

FINANCE Minister Apisak Tantivorawong yesterday launched a programme aimed at tackling the problem of underground debts owed by many of the registered holders of the newly issued state welfare card. The minister told a gathering in Chanthaburi province that the ministry had over the past two years registered 11 million low-income earners as eligible for […]

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