Finance Blog - Everything one needs to know

The Ministry of Finance, Planning and Economic Development has appointed new members of the Tax Appeals Tribunal. They will begin work effective September 1.
Mr Asa Mugenyi, a senior city lawyer who has been in private practice in his law firm, Mugenyi and Co Advocates, chairs the five-member panel. Read more
Courtesy: www.monitor.co.ug

Last week, a senior official in the Ministry of Finance made comments to the media on the government’s tobacco excise policy (The Jakarta Post, Aug. 20, 2008). His comments highlighted the lack of awareness that persists in Indonesia regarding tobacco, even among the educated elite.
The official explained that the government might refrain from increasing tobacco […]

The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.
China: China Mobile Ltd., the world’s biggest phone company by market value, said second-quarter profit increased 51 percent, more than analysts estimated, after cutting prices to attract users. The central bank said yesterday it would sell […]

Home Ministry is contemplating to invite support from the donors working in areas of disaster management, mitigation and reduction for recovery and rehabilitation of displaced families and flood-affected areas in Sunsari.
The ministry’s plan to call a meeting of donors on Friday was put off till next week due to the government formation process, senior Home […]

China on Friday scrapped a 20-year-old fee levied on the self-employed and small firms in an effort to promote new businesses and job growth. Read more
Courtesy: economictimes.indiatimes.com

Japan decided Friday to end most of its punitive tariffs slapped on South Korea’s Hynix Semiconductor Inc., following a similar U.S. decision and orders from the World Trade Organization.
Japan will lower its 27.2 percent duty on imports of Hynix dynamic random access memory, or DRAM, chips to 9.1 percent, effective Sept. 1, the deadline set […]

Democracy Winston Churchill late prime minister of the United Kingdom famously said, is not perfect but is still the best form of government man has devised.
This is why all democratic elements in Uganda must support the Members of Parliament recent decision to investigate the figures submitted to the House by Finance Minister, Dr Ezra Suruma […]

The government has introduced new incentives to encourage more lenders to provide microcredit loans to labor-intensive small firms and laid-off workers starting new businesses. Read more
Courtesy: english.people.com.cn

In a fervent representation to the 13th Finance Commission, the commerce ministry has demanded a scheme whereby the un-remitted state taxes are refunded to the exporters.
Since most state governments are unwilling or unable to refund these taxes, it would be in order to allow the central government to reimburse these state taxes or duties paid […]

Westpac Banking Corp., Australia’s second-largest by market value, plans to sell yen-denominated samurai bonds in Japan, according to documents from the nation’s Ministry of Finance. Read more
Courtesy: www.bloomberg.com