The Hanoitimes – In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods. Under Prime Minister Nguyen Xuan Phuc’s instruction in Directive No.824 on tightening state administration against trade frauds, the General Department of Vietnam Customs (GDVC) has been […]
Read MoreSOUTH-EAST Asia’s external position is solid enough to sustain a prolonged expansionary fiscal stance, which also means policymakers can continue to run larger budget deficits and debt levels over the next few years, without causing any macroeconomic instability, a report by ANZ Research suggested on Monday. While large fiscal stimulus programmes have provided a critical backstop to […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank sees the peso maintaining its momentum and strengthening further to pierce the 47 to $1 level amid the outperformance of Asia-Pacific countries in controlling the COVID-19 pandemic. Rob Carnell, regional head of research for Asia Pacific at ING, said in a report titled “Asia: Better than all […]
Read MorePETALING JAYA: Glove manufacturers are expected to continue reaping huge profits into next year with the amount of corporate income tax paid by the industry projected to reach RM4.7bil in 2021 after forking out RM2.8bil in 2020. According to Maybank Investment Bank Research following its dialogue with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul […]
Read MoreThe government has issued a directive (prakas) on tax arrears management aimed at supporting the process of efficient, effective and transparent tax arrears collection. Prakas number 962, signed by Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth, was issued on Nov 20. This directive is inclusive of all taxpayers with payments currently […]
Read MoreThailand’s economy will take at least two years to recoup the 9% of GDP lost to the pandemic crisis, says Finance Minister Arkhom Termpittayapaisith. The economy would have expanded by around 3% this year if the pandemic crisis did not erupt, said Mr Arkhom. The pandemic crisis will make the economy contract by around 6% […]
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