The baht could shoot up to Bt29 against the US dollar when the US Federal Reserve cuts the policy rate by another 25 basis points this month, according to Anusorn Tamajai, director of Economic and Business Research Centre for Reform at Rangsit University. If, as seems likely, the Fed lowers its key policy rate again, […]
Read MoreSix governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment. The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption Letter (SKEP). “Most importantly, the [approval] waiting time is […]
Read MoreThe number of homeless people in Bangkok surged to 4,392 this year, 10% higher than last year, according to Atchara Sorawaree, secretary-general of the Issarachon Foundation. This year, an additional 363 people have been forced to live on the streets, said Ms Atchara. “That number might look trivial, but it means that hundreds more people […]
Read MoreMANILA, Philippines — Petroleum and tobacco excise tax collections under the Tax Reform for Acceleration and Inclusion (TRAIN) Act rose above target in the first half mainly due to better compliance from industry stakeholders, according to the Department of Finance (DOF). Based on DOF data, oil excise tax collections as a result of the TRAIN’s […]
Read MoreCambodia became the latest country in Southeast Asia to host the launching of a new book about the Association of Southeast Asian Nations (Asean). The launching of ‘An Evolving Asean: Vision and Reality’ was held yesterday at the Cambodia office of the Asian Development Bank (ADB). The book, which compiles the writings of seven leading […]
Read MorePETALING JAYA: Solar power-related players in Malaysia are among the key beneficiaries of Budget 2020, on the back of tax incentives aimed at boosting the Malaysian green economy. Budget 2020, which was tabled by Finance Minister Lim Guan Eng last Friday, introduced a 70% income tax exemption of up to 10 years for companies undertaking […]
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Thailand
