MANILA, Philippines — Emerging market economies, including the Philippines, are facing constraints in government spending amid long-lasting revenue losses due to the coronavirus disease 2019 or COVID-19 pandemic, according to Moody’s Investors Service. The debt watcher said the ability of governments in emerging markets to implement and enforce effective revenue-raising measures would be an important […]
Read MoreThe Private Economic Development Research Board, under the Advisory Council for Administrative Procedure Reform, has proposed a 30% reduction in corporate income tax for all businesses this year. The proposal is faced with mixed reactions, however. The author of this article, from another angle, also believes it is not plausible. Specifically, according to the Private […]
Read MoreIn the financial year 2019-2020 which ends on September 30, US$5.689 billion of foreign direct investment has been pumped into Myanmar which is considered by many countries as the last frontier economy in Southeast Asia region, an increase of more than US$1 billion when compared to the same period last year, according to the latest […]
Read MoreBank Indonesia (BI) decided on Tuesday to keep its benchmark interest rate unchanged to safeguard the rupiah’s exchange rate amid financial market volatility but pledged to pursue other ways of quantitative easing to support the coronavirus-battered economy. The benchmark seven-day reverse repo rate was maintained at 4 percent for a fourth consecutive month, while the […]
Read MoreMANILA, Philippines — S&P Global Ratings and Fitch Ratings have raised the red flag over the potential impact of the COVID-19 pandemic on Philippine banks as a deeper economic recession could impair the industry’s asset quality, capitalization and profitability. S&P said the economic risk trend for banks operating in the Philippines has turned to “negative” […]
Read MoreThe new land appraisal prices, used as a base for the land and building tax collection, may not expand by the previously assessed rate of 8% because of the impact of Covid-19, says the Treasury Department. The new land appraisal prices were set to be used between 2020 and 2023, but have not been implemented […]
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Thailand
