The Hanoitimes – In January, tax revenue stood at VND166.7 trillion (US$7.17 billion), equivalent to 11% of the year’s plan and up 4.8% year-on-year. Vietnam recorded a state budget surplus of VND47.5 trillion (US$2.04 billion) in January, according to the Ministry of Finance (MoF). In January, state budget revenue collection stood at VND166.7 trillion (US$7.17 billion), […]
Read MoreThe Transportation Ministry is considering raising the minimum fare for app-based ojek (motorcycle taxis) operating in Greater Jakarta to accommodate drivers’ demands, an official has said. According to the ministry’s road transportation director, Ahmad Yani, ojol (ojek online) drivers have demanded a floor price increase to Rp 2,500 (US$18 US cents) per kilometer from Rp 2,000 per km at present. […]
Read MoreThe Bank of Thailand (BOT) says it will expand QR cross-border payments with Singapore, Myanmar and Cambodia, beginning from the middle of this year. BOT Assistant Governor for payment systems policy and financial technology Siritida Panomwonna Ayudhya was quoted by Thai newspaper The Nation as saying that each Thai bank has developed regional interoperability for […]
Read MoreLocal e-commerce and logistics operators have confirmed that the coronavirus outbreak has hampered parcel deliveries from China, while working to ensure access and rein in the prices of disease-prevention accessories such as face masks and hand sanitiser. Suchaya Paleewong, marketing manager of Shopee Thailand, the local operating unit of the Singapore-based e-commerce site under Sea […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has instructed banks and financial institutions to stop withholding taxes on all income derived from the BSP’s government functions. The regulator issued Memorandum 2020 – 002 instructing authorized agent banks to discontinue withholding the two percent tax on service fees arising from bank deposit transactions with […]
Read MoreThe Central Bank of Myanmar (CBM) may consider reducing interest rates to better align with high inflation rates should the need occur, vice governor U Soe Min said at the Pyidaungsu Hluttaw on February 10. The current bank interest rate is 10percent while the minimum deposit rate is set at 8pc and maximum secured lending […]
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