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Search Result for “high excise tax”

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BUSINESS

Sara tax collection model to cut costs and raise income

Business, Wichit Chantanusornsiri, Published on 21/02/2018

» If the initiative to apply the Semi-Autonomous Revenue Agency (Sara) model to tax-collecting agencies pans out, it will help boost the government's tax revenue and cut management costs, says Somchai Sujjapongse, permanent secretary for finance.

LIFE

Singapore will tax digital services from 2020

TODAY, Published on 21/02/2018

» SINGAPORE: Businesses providing digital services, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat said.

WORLD

South Africa hikes sales tax in 'tough' post-Zuma budget

AFP, Published on 21/02/2018

» CAPE TOWN - South Africans were hit by the first sales tax increase since apartheid when the finance minister delivered a tough budget on Wednesday, dampening optimism spurred by the country's new reformist president.

BUSINESS

TU posts 14.6% profit surge as 2017 sales hit record high

Business, Pathom Sangwongwanich, Published on 21/02/2018

» SET-listed Thai Union Group (TU), the world's biggest canned and frozen tuna exporter, Tuesday reported a fiscal 2017 net profit of 6 billion baht, up 14.6%, propelled by record-high sales.

BUSINESS

Lloyds profits surge as bank builds on recovery

AFP, Published on 21/02/2018

» LONDON: Lloyds Banking Group on Wednesday said that its net profit soared 52% last year, when the UK lender returned fully to the private sector following a state bailout.

BUSINESS

Life insurers see premiums growing 4-6%

Business, Darana Chudasri, Published on 21/02/2018

» The Thai Life Assurance Association (TLAA) forecasts 4-6% growth in life insurance premiums this year, driven by 5-30% lower costs for premiums after the recent implementation of a new mortality table.

BUSINESS

Nestle puts B450 million into developing healthier coffee

Business, Pitsinee Jitpleecheep, Published on 21/02/2018

» Nestle, the Swiss multinational food and drink firm, is set to spend 450 million baht on developing technology at its factory in Chachoengsao province to produce a new premium instant coffee as part of its regional strategy to focus more on quality and less on sugar, in keeping with consumers' changing behaviour.

THAILAND

Govt gives nod to bill to help poor students

News, Taam Yingcharoen, Published on 21/02/2018

» The cabinet has approved a draft bill which will provide government funds for equal access to education for poor students through the award of scholarships and loans.

WORLD

Singaporean in church fraud case tries to flee on boat

AFP, Published on 21/02/2018

» SINGAPORE: A Singaporean man convicted over a high-profile fraud case at a megachurch was caught Wednesday trying to flee in a boat before he was due to start his sentence, police said.

BUSINESS

Pruksa to make provincial, low-rise shift

Business, Kanana Katharangsiporn, Published on 21/02/2018

» SET-listed developer Pruksa Holdings Plc (PSH) is set to focus more on low-rise development and launch projects in the provinces to boost presales and revenue growth to 13% and 10%, respectively, by year-end.