The government is in the process of issuing a new regulation on coal miners, which is aimed at strengthening the position of the government. Under the planned regulation, contracts of work (PKP2B) will be replaced by the special mining permit (IUPK). Energy and Mineral Resources Ministry mineral and coal Director General Bambang Gatot Ariyono said the planned regulation was part […]
Read MoreMANILA, Philippines — Foreign direct investment (FDI) inflows dropped by more than 41 percent to a five-month low of $752 million in August from $1.28 billion in the same month last year amid concerns over rising interest rates and slower economic expansion, according to the Bangko Sentral ng Pilipinas (BSP). This was the lowest level […]
Read MoreThe Bank of Thailand is widely expected to leave its key interest rate near a record low on Wednesday, though there was a good chance that the first rate hike in years could come in December, a Reuters survey showed. Nineteen of 22 economists polled by Reuters predicted the Monetary Policy Committee (MPC) would keep […]
Read MoreThe Hanoitimes – Approximately 50-60 percent of total FDI firms reported losses, meaning they didn’t have to pay CIT, while revenues from the FDI sector had been growing strongly. Tax authorities will enhance the inspection on foreign direct investment (FDI) enterprises, which reported big and prolonged losses, and had large associated transaction value. Under a written […]
Read MoreMANILA, Philippines — The Philippines and Indonesia have agreed to strengthen their cooperation against smuggling, a move seen to pave the way toward improved regional efforts against illicit cross-border trade, according to the Department of Finance (DOF). In a letter, Finance Secretary Carlos Dominguez and Indonesian Finance Minister Sri Mulyani Indrawati said they are both open to work with their countries’ respective customs […]
Read MoreGENEVA: Thailand has failed to comply with a World Trade Organisation ruling against its regulations on cigarette imports, a WTO dispute panel said on Monday, the first of two legal cases brought to the Geneva-based watchdog by the Philippines. Either side can appeal the ruling, which concerned valuation of cigarettes imported by Philip Morris Thailand Limited from Philip […]
Read More
Thailand
