China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]
Read MoreThe Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says. The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said director-general Patchara Anuntasilpa. The blockchain-based tax payback system requires […]
Read MoreMANILA, Philippines — The Philippines has the lowest automated teller machine (ATM) density in the region as the moratorium on transaction fees imposed by the Bangko Sentral ng Pilipinas (BSP) in 2013 has held back banks’ optimal performance in servicing and expanding their reach. The Bankers Association of the Philippines (BAP) reported over the weekend […]
Read MoreThe Excise Department has proposed local airlines increase the frequency of flights to second-tier provinces to enhance tourism there in return for a reduction in the excise tax on jet fuel, its chief says. If the seven low-cost and full-service carriers want the Excise Department to cut the excise tax, they should offer proposals that […]
Read MoreAsian users of online financing services who fall between the ages of 31 and 34 are the most accurate in matching their finance needs to actual capabilities, according to Robocash Group. These millennials were most successful in obtaining online financing of a size closest to their initial request. Applicants within the age range of 18-24 […]
Read MoreCommercial real estate transaction volumes for the Asia Pacific region have hit a new high of US$128 billion year-to-date, according to JLL. Transaction volumes for the period of July to September climbed 18 per cent year-on-year to US$42 billion, representing the best Q3 performance on record. It also represents a 10 per cent increase in […]
Read More
Thailand
