The General Department of Taxation (GDT) collected a whopping $1.19 billion in tax revenue during the first half of this year, an increase of 32 percent compared to the same period last year, led by a surge of value-added tax (VAT) and profit-tax revenue. The huge gains appear to be an indication that efforts by […]
Read MoreMANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]
Read MoreMyanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U Htin Kyaw’s state visit to China. Now, imported crude oil […]
Read MoreBANGKOK: Thailand’s central bank has tightened controls on credit cards and unsecured personal loans, a move that should contain high household debt levels and could cut domestic consumption. The measures, effective Sept 1, come at a time of concern about overspending by citizens and rising bad loans. The rule-changes mean credit-card holders can no longer […]
Read MoreMANILA, Philippines – The lifting of the value-added tax exemptions on low-cost housing as proposed by the tax reform bill would exacerbate the growing backlog for houses, property stakeholders said. Colliers International research manager Joey Roi Bondoc told The Star the removal of the VAT exemption on the sale of low-cost housing would make owning a house more […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research has maintained its “sell” rating on 7-Eleven Malaysia Holdings (SEM) with an unchanged target price of RM1.10. The research house said SEM unveiled its “Back to Basics” exercise during its analyst briefing. It said more emphasis would be placed on cost efficiencies moving forward. “With its newly announced ‘Back to Basics’ […]
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