Indonesia: Indonesia cuts property tax in bid to boost home sales Friday, 12 August 2016 – Indonesia is cutting in half a tax on home sales from September, according to a presidential regulation, a move that should help the country?s property sector. The sellers of homes will be subject to a final tax of 2.5% […]
Read MoreMalaysia: Malaysia’s economy grows 4% y-o-y in Q2 as slowdown drags on Friday, 12 August 2016 – Malaysia’s economy expanded 4 per cent in the second quarter, the slowest pace in nearly seven years, as exports and domestic investments were weak. The growth was in line with a Reuters poll that forecast 4 per cent […]
Read MoreThailand: Deadly bomb attacks target Thai tourist resorts Friday, 12 August 2016 – A series of explosions has killed at least three people and injured dozens more – including several tourists – in southern Thailand. One of the worst attacks appears to have taken place in the resort town of Hua Hin, where one person […]
Read MoreSingapore: Oil extends gains as output cut looms Friday, August 12, 2016 – Crude prices rose in Asia on Friday, extending overnight gains after Saudi Arabia’s oil minister hinted producers could agree to limit production. Rumors have been circulating that global producers are mulling a deal to freeze output, to help stabilize the market. Prices […]
Read MoreASEAN: PH, Asean trade outperforming world Friday, August 12, 2016 – THE Philippines, along with Asean neighbors Malaysia, Thailand, and Indonesia, appears to be performing better in export terms despite signs of a significant slowdown elsewhere in Asia and the world, an analysis of the latest economic data shows. Data collected by the World Bank […]
Read MoreThailand: PH, Thailand launch exchange tourism deal Friday, August 12, 2016 – THE Philippines and Thailand have launched an “exchange tourism” agreement to encourage more Thai tourists to visit the Philippines and vice versa. “I realized that one would find their sceneries somewhat familiar to those that we have here but what struck me is […]
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