The Myanmar economy is expected to deteriorate further this year as a result of COVID-19, State Counsellor Daw Aung San Suu Kyi said during a meeting with key finance ministers on June 16. She said any economic damage caused by the pandemic so far is likely to worsen in the coming months and that Myanmar […]
Read MoreThe ban on commercial international flights might not be lifted on July 1 as originally planned and, if and when the ban is scrapped, business people will likely be the first to be allowed to travel, according to the Civil Aviation Authority of Thailand (CAAT). CAAT director-general Chula Sukmanop made the statement after meeting representatives […]
Read MoreThe Kingdom’s non-garment industry is predicted to remain healthy next year, supported by the agriculture and services sector, according to the government’s national strategic budget plan 2021-2023. Amid the outbreak of the pandemic, the government plans to trim the 2021 state budget to around $4 billion, a 50 percent drop from this year. According to […]
Read MoreThe government will press ahead with collecting digital tax despite a recent announcement by the United States Trade Representatives (USTR) to investigate such a policy, which the US said was aimed squarely at its technology giants. Finance Minister Sri Mulyani Indrawati said Tuesday the government was only requiring internet companies to pay value-added tax (VAT) […]
Read MoreThe Hanoitimes – In a worse scenario where GDP would expand 3.6% this year, Vietnam’s fiscal deficit is forecast at 5.02% of GDP and public debt at 56.4%. In two growth scenarios set by the government for this year, Vietnam’s public debt and fiscal deficit indicators in the 2016 – 2020 period would stay below the […]
Read MoreMANILA, Philippines — Revenues generated by the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) declined by 50 percent in May compared to last year’s level due mainly to the extension of the deadline for the filing and payment of income taxes, the Department of Finance (DOF) said yesterday. In a press […]
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Thailand
