Philippines government's budget deficit is expected to be around 2.3% of the gross domestic product (GDP) for last year, as compared to its target of 2.6% of the GDP. As reported by Reuters News, the Budget Secretary Florencio Abad stated that the government wants to reduce its budget deficit to 2.0% of the GDP during the period, assisted by elevated revenues from a revised tax structure on alcohol and tobacco products. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more