MANILA, Philippines — Paris-based Financial Action Task Force (FATF) has urged the Philippines to speed up initiatives to address the remaining deficiencies to counter money laundering as well as terrorist and proliferation financing. FATF president T. Raja Kumar of Singapore said the Philippines has been retained in the gray list or jurisdictions under increased monitoring […]
Read MoreThe Ministry of Finance has proposed to apply a special consumption tax on sugar-sweetened beverages to protect people’s health following recommendations from the World Health Organisation. According to the ministry, Vietnam has seen a sharp seven-fold in the consumption of sugar-sweetened beverages in the past 15 years, from an average of 6.60 litres per person […]
Read MoreKUALA LUMPUR (Sept 20): The Socio-Economic Research Centre (SERC) has projected that Malaysia’s fiscal deficit will narrow to between 4.5% and 5.5% of gross domestic product (GDP) in 2023, from an average 6.2% in 2020 to 2022. Speaking at a media briefing on Tuesday (Sept 20), its executive director Lee Heng Guie said the fiscal […]
Read MoreSINGAPORE has a tight fiscal position over the medium-term, said Finance Minister Lawrence Wong, as he noted the limitations of alternative revenue sources — particularly corporate taxes — that Members of Parliament (MPs) had raised earlier in the Budget debate. Budget 2023 is a “delicate balancing act”, said Wong in his round-up speech on Friday […]
Read MoreBusinesses were generally more optimistic about their performance in February 2023 compared to January 2023. This optimism was mainly driven by expectations of higher production due to higher demand; more incoming projects; commencement of new projects; as well as the 39th National Day. This was revealed in the latest Brunei Darussalam’s Business Sentiment Index (BSI) […]
Read MoreKUALA LUMPUR: Malaysia’s leading index (LI) decreased 0.6 per cent year-on-year (y-o-y) to 110.7 points in December 2022 against 111.4 points in December 2021, in anticipation that near-term growth momentum would ease, the Department of Statistics Malaysia (DoSM) said. The LI is used to predict economic upturns and downturns an average of four to six […]
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Thailand
