The Finance Ministry is considering the Federation of Thai Capital Market Organizations’ (Fetco) proposal to extend the waiver of the transaction tax for stock trades because reimposing it can cause trading costs to increase by 70% for general investors and 170% for foreign investors. The tax has been waived since 1991, but the ministry plans […]
Read MoreAccording to the Ministry of Finance’s Price Management Department, domestic petroleum prices may go up in the next review as a result of price increases in the world market. The latest report of the department shows that prices of goods and services in the domestic market from Jan 31 to Feb 2 were stable, with […]
Read MoreThe General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. The GDT said in a February 8 press release that the […]
Read MoreExports are expected to rise by 5% in the first quarter from a year earlier, helped by a global economic recovery, the Thai National Shippers’ Council said on Tuesday. For 2022, the group maintains its export forecast at a 5% to 8% rise, the group said in a statement. Exports rose 17.1% in 2021. The […]
Read MoreMANILA: The Philippines plans to import 200,000 tonnes of standard and bottler’s grade refined sugar to address a supply shortfall caused by crop damage from a powerful typhoon that hit plantations in December, the industry regulator said on Tuesday. The Sugar Regulatory Administration (SRA), in a statement, said the Philippines was bracing for a “very […]
Read MoreBENGALURU : Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears up to increase its own interest rate next month amid soaring U.S. inflation, a Reuters poll showed. But unlike many major economies, Indonesian inflation has largely remained benign, […]
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