MANILA, Philippines — The Department of Finance (DOF) said yesterday it is maintaining its recommendation to suspend the next increase in fuel excise tax in January despite declining Dubai crude oil prices. “The recommendation to suspend stands. We are anticipating a formal announcement from OP (Office of the President),” Finance assistant secretary Antonio Lambino said […]
Read MoreJAKARTA – Indonesia is considering cutting the tax on gains made from its sovereign bonds, as part of plans to attract more investors to the debt market of Southeast Asia’s biggest economy, the country’s director general of taxes said on Thursday. Robert Pakpahan said the government is looking at cutting the tax rate on Indonesian […]
Read MoreOct 18, 2018 (China Knowledge) – The Chinese State Council has unveiled its plan to establish and develops the Hainan Free Trade Zone (FTZ) on Tuesday. The FTZ will demonstrate China’s commitment and resolution to align with World Trade Organisation (WTO) principles of free trade, as it opens up its market to the world. The […]
Read MoreVietnam’s trade as a percentage of gross domestic product (GDP) reached over 200 percent in 2017, the highest level for any country with over 50 million people in the World Bank’s data. The information was revealed in a report by the World Economic Forum. (WEF) Of the world’s twenty most populous countries, Vietnam blows away […]
Read MoreIndonesia’s inflation rate in October is estimated to reach 0.12 percent month-to-month (mtm), a result of the recent increase in non-subsidized fuel prices, Bank Indonesia (BI) Governor Perry Warjiyo said on Friday. Statistics Indonesia (BPS) announced that the country recorded a 0.18 percent deflation in September and 0.05 percent in August. The latest figure brings year-to-date (ytd) inflation to 1.94 percent, […]
Read MorePETALING JAYA: Malaysia will drop its long time dream to hit US$15,000 (RM62,300) per capita income by 2020 to meet its high income nation aspirations, as it now looks to ensure high income levels commensurate with higher purchasing power. The mid-term review of the 11th Malaysia Plan presented a two-prong approach to address the disparity of […]
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