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Myanmar: MP proposes reduction of liquor tax

Excise taxes on foreign liquor should be reduced from the current level of 60 pc to balance between deterring illegal imports and boosting tax revenues, U Bo Bo Oo, Pyithu Hluttaw MP from Sanchaung township told Parliament last week. “The special commodity tax should be reduced to prevent illegal trading and control the sale of […]

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CPF taps Vietnam for revenue growth

CP Vietnam Corporation, a subsidiary of SET-listed Charoen Pokphand Foods Plc (CPF), expects 2019 revenue to grow by 10%, driven by higher purchasing power in Vietnam. Montri Suwanposri, president of CP Vietnam, said the market is rapidly expanding because of Vietnam’s GDP growth of 7-8% annually. The Vietnam government is investing heavily in megaprojects to […]

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Thailand: VAT gradually falling short of 2019 target

The Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged. VAT collection, an indicator of domestic consumption, was 0.5% lower than targeted for the […]

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Philippines eyes re-fleeting in tuna industry

MANILA, Philippines — The Philippines is looking at upgrading and modernizing the fishing fleets of the tuna industry to be able to compete in the global market. Agriculture Secretary William Dar said re-fleeting is the way forward and the best option to ensure that the local commercial fishing sector can compete with the rest of […]

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