Asian Economies Warned of Capital Spikes

Categories: Taxation in China, Taxation in Hong Kong, Taxation in India, Taxation in Philippines, Taxation in Singapore, Taxation in South Korea, Taxation in Thailand, Taxation in Vietnam

Governments of emerging Asian economies have been warned to be ready for sudden increases in investment capital inflows, and prepare appropriate policy responses. On May 18th the Asian Development Bank (ADB) released its annual Asian Capital Markets Monitor report, which investigates the performance and outlooks for the equity, bond and currency markets in emerging economies. [...]

Governments of emerging Asian economies have been warned to be ready for sudden increases in investment capital inflows, and prepare appropriate policy responses. On May 18th the Asian Development Bank (ADB) released its annual Asian Capital Markets Monitor report, which investigates the performance and outlooks for the equity, bond and currency markets in emerging economies. According to the report, several factors have cumulatively increased the risk of Asian economies facing sudden high levels of investment capitals, leading potential destabilization of currency and financial ... Read More

IMF Identifies ASEAN Economic Challenges

Categories: International Tax Cooperation, Taxation in China, Taxation in Singapore, Taxation in Thailand, Taxation in Vietnam

In a recent speech given by the Deputy Managing Director of the International Monetary Fund (IMF) to the Finance Ministers of the Association of Southeast Asian Nations (ASEAN), the key economic and fiscal issues, that the IMF perceives as currently facing ASEAN nations, were revealed. On April 26th the IMF published a previously unreleased transcript [...]

In a recent speech given by the Deputy Managing Director of the International Monetary Fund (IMF) to the Finance Ministers of the Association of Southeast Asian Nations (ASEAN), the key economic and fiscal issues, that the IMF perceives as currently facing ASEAN nations, were revealed. On April 26th the IMF published a previously unreleased transcript of a speech given by Naoyuki Shinohara, Deputy Managing Director of the IMF, at the 14th ASEAN Finance Ministers’ Meeting, held on April 8th 2010 in Nha Trang, ... Read More

Thailand Growth Projection Increased

Categories: Taxation in Thailand

The Ministry of Finance of Thailand has revised its 2010 Economic Projections, now expecting the economy to grow by 4.5 percent, compared to the previous estimate of 3.5 percent made in December 2009. The Thailand Ministry of Finance issued a press release on March 29th announcing the revised growth projections and positive future outlook for [...]

The Ministry of Finance of Thailand has revised its 2010 Economic Projections, now expecting the economy to grow by 4.5 percent, compared to the previous estimate of 3.5 percent made in December 2009. The Thailand Ministry of Finance issued a press release on March 29th announcing the revised growth projections and positive future outlook for economic expansion. In the new Government estimate Thailand’s annual economic growth rate is expected to reach between 4 percent and 5 percent in 2010. Satit Rungkasiri, Director-General ... Read More

Thailand’s Tax Collection to Surpass Targets

Categories: Taxation in Thailand

Thailand’s tax collections are expected to exceed Government targets by at least 10%. The Thailand Government’s fiscal stimulus measures and tax base extension efforts will see tax collections “easily” surpass the THB1.097 trillion target set by the Revenue Department for the financial year ending September 30th, 2010. The rapid upsurge in revenue has been laid [...]

Thailand’s tax collections are expected to exceed Government targets by at least 10%. The Thailand Government’s fiscal stimulus measures and tax base extension efforts will see tax collections “easily” surpass the THB1.097 trillion target set by the Revenue Department for the financial year ending September 30th, 2010. The rapid upsurge in revenue has been laid down to Thailand’s improving economic situation and extended efforts to raise the profitability of the country’s taxation system. Following several months of growing collection figures and healthy ... Read More