Philippines: Q4’s GDP growth up 6.3 percent World

Philippines: Q4’s GDP growth up 6.3 percent

The Philippines’ GDP growth rate for the fourth quarter of 2018 was edged up 6.3 percent from the same period last year, higher than the previous prediction of 6.1 percent, the Philippine Statistics Authority said on April 4.
Cambodia conducts national census after 11 years World

Cambodia conducts national census after 11 years

Cambodian Prime Minister Hun Sen has called on Cambodians to take part a national census from March 3-13 by providing accurate information for officers so as to obtain correct national statistics for the country’s development.
Vietnam remains destination for investors Business

Vietnam remains destination for investors

Up to 78 percent of businesses have been positive about Vietnam’s economy, according to a survey on the private equity (PE) sector conducted by Grant Thornton Vietnam, which provides assurance, tax and advisory services.
Ministry proposes tax hike on petroleum Business

Ministry proposes tax hike on petroleum

The Ministry of Finance has proposed, in a draft law, almost tripling the environmental protection tax on oil and gas consumption from the current 3,000 VND (0.13 USD) to 8,000 VND per litre. The draft will be submitted to the Government for approval in June and the National Assembly in October.
Nearly 4,000 jobs to be cut from State payroll Society

Nearly 4,000 jobs to be cut from State payroll

In a bid to ease payroll pressure on the national budget and improve staff performance, the PM has decided to reduce the number of those on the State payroll by 1.4 percent at all levels next year.
Consumption tax hike needed Business

Consumption tax hike needed

Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.