MANILA, Philippines — The Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) are urging lawmakers to ease the bank secrecy law to effectively implement the proposed amnesty program for taxpayers with unpaid obligations. According to Finance Secretary Carlos Dominguez, the BSP is one with the DOF in its position that a general […]
Read More[BANGKOK] Asia Pacific growth is expected to slow to 5.8 per cent in 2019, down from 6.3 per cent in 2018, due to uncertainty around the ongoing US-China trade tensions, a World Bank report said on Thursday. The report highlights the weakening global demand and heightened uncertainty that led to a decline in exports and […]
Read MoreThe Office of the Ombudsman has warned the National Hazardous Substances Committee of consequences if it chooses to disregard a panel’s recommendation to ban the use of three toxic farming chemicals. Chief Ombudsman Viddhavat Rajatanun said that since the NHSC has the final authority to impose the ban, it needs to have “a sound reason” […]
Read MoreThe energy and electricity sector has been allocated with the highest volume of funds in the Budget for fiscal 2019-20, which commenced October 1. It is the first time the energy sector will top government spending. The government is expected to spend a total of K35.2 trillion between October 1, 2019 and September 30, 2020, […]
Read MoreThe Hanoitimes – In Q3, more companies were looking for top-notch positions or experts who have high technical skills, besides the emerging need for C-suite executives at local big organizations. High-level positions in Vietnam posted steady growth in the third quarter (Q3) this year, especially in manufacturing and technology, staffing firm Adecco Vietnam’s latest quarterly labor […]
Read MoreOVER the last year, we have seen increased initiatives by the government to reduce carbon emissions by 45% (from the 2005 levels) by 2030, as committed under the 2016 Paris Agreement. Let us examine the key tax considerations and what we may (or may not) expect in the upcoming Budget 2020. Carbon pricing Carbon pricing […]
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