MANILA, Philippines — Several oil companies have asked the courts to stop the oil unbundling policy recently issued by the Department of Energy (DOE), which is set to take effect on June 29. Major oil player Pilipinas Shell Petroleum Corp. (PSPC) filed a petition with the Taguig Regional Trial Court (RTC), questioning the legality of […]
Read MoreThe Excise Department is conducting a study into the best ways to collect taxes from the cashed-up providers of online games, movies and music. However, the targets would probably not include e-sports, which are online games but recognised as a sport under the Sports Authority of Thailand Act 2015, and servers of online games operating overseas, […]
Read MoreMANILA, Philippines — The government generated a P2.6 billion fiscal surplus in May, a reversal of the deficit incurred last year as the growth in revenues outpaced the increase in public expenditures, according to the Bureau of the Treasury. According to the latest cash operations report of the BTr, the national government’s fiscal balance settled […]
Read MoreKasikorn Research Centre (KResearch) has lowered its forecast for Thai GDP growth to 3.1 per cent from its initial projection of 3.7 per cent. The reduction is due to the lacklustre performance of the export sector, which has been hit by slowing global trade in the wake of a simmering trade war between the US […]
Read MoreThe Excise Department under the Finance Ministry is consIderIng collectIng excise tax on foreIgn servIces provIded through the online system such as movie, music and e-sport that collect member’s fee for downloadIng theIr applications, the department’s director-general Patchara Anuntasilpa said yesterday. “Market value of this segment Is high but we cannot collect tax from the […]
Read MoreKUALA LUMPUR: Thailand’s state energy firm PTT Plc has stepped up investments in the retail and industrial power sectors to buffer the impact of a global economic slowdown on its oil refining and chemical businesses, its chief executive said on Monday. “We have a global challenge and that is the (US-China) trade war. That is […]
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