MANILA, Philippines — The Philippines has reaffirmed its commitment to international tax transparency standards as it intends to join the Global Forum’s Asia Initiative. By joining the initiative, Finance Secretary Benjamin Diokno said that the Philippines reaffirms its commitment to the full and effective implementation of international tax transparency of the Global Forum as well […]
Read MoreThe General Department of Taxation (GDT) has set the annual market interest rates for loans made in enterprises in 2022 from directors to employees or related parties or from related parties to enterprise directors based on the calculated average rates of the average interest rates annual charged by 11 local banks, according to a statement […]
Read MoreThe Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities. Internal Trade Department director-general Wattanasak Sur-iam said yesterday many consumer […]
Read MorePETALING JAYA: While pre-Budget news reports have been on managing federal government spending, growing revenue should be a priority in the revised Budget 2023. Government revenue is expected to dip to 15% of gross domestic product (GDP) in 2023, after temporarily increasing in 2022 to 16.7% of GDP, as crude oil prices moderate to the […]
Read MoreThe Commerce Ministry says it wants Thailand to become one of the largest exporters in Asia by 2027. According to Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department in the ministry, the department commissioned a five-year action plan from 2023-27 to improve trade competitiveness, with the aim of becoming one of the five largest […]
Read MoreThe consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same period of 2021, according to PPSP’s latest report released on […]
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