MANILA, Philippines — Excise tax collections from alcohol and tobacco products of the Bureau of Internal Revenue (BIR) both exceeded their respective targets in the first nine months, according to the Department of Finance (DOF). In an interview, Finance Undersecretary Antonette Tionko said the government’s alcohol excise tax collection from January to September amounted to […]
Read MoreAt a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]
Read MoreCambodia expects to roll out $19 billion worth of projects contained in the logistics masterplan in the next seven years with a vision of becoming a warehousing logistical hub serving the greater Mekong sub-region, as well as Thailand, Laos and Vietnam. Public Works and Transport Minister Sun Chanthol said trade volume between Thailand and Vietnam […]
Read MoreThe Hanoitimes – IFC’s investment in Altus Capital will enable the company to set up a regional facility to invest in the Philippines, Thailand, Indonesia, and Vietnam, the latter two being nascent markets for distressed asset recovery. International Finance Corporation (IFC), a member of the World Bank Group, planned to support distressed companies in East Asia’s […]
Read MoreSingapore has topped the charts yet again. This time, it has been ranked the most sustainable city in Asia, and fourth in the world, according to the Asia Sustainable Cities Index 2018 by Arcadis. European cities dominate the top of the index, and only three Asian cities made it to the top 20 – the other […]
Read MoreMANILA, Philippines — Vehicle makers and assemblers are expecting a sales recovery in the market next year as consumers would have adjusted to price changes caused by the new excise taxes. In an interview, Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) president Rommel Gutierrez told reporters that they are projecting a conservative 10 […]
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Thailand
