MANILA, Philippines – Foreign portfolio investments or hot money made a recovery in June, but total investments remain in the red for most of the first half, based on a report released yesterday by the Bangko Sentral ng Pilipinas (BSP). Foreign portfolio investments showed a net inflow of $79.56 million in June, reversing a net […]
Read MoreTEMPO.CO, Balikpapan – President Jokowi says that he is currently waiting for results of the assessment of three provinces which will replace Jakarta as the capital of Indonesia. The study conducted by the National Development Planning Agency (Bappenas) will see several aspects such as disaster vulnerability, economic factor, social and political factors, and the infrastructure. Jokowi admits that he cannot reveal the locations to avoid land speculation that could potentially complicate matters even further. “People would […]
Read MoreTEMPO.CO, Jakarta – Business Competition Supervisory Commission (KPPU) Chairman Syarkawi Rauf admits that the level of economic inequality in Indonesia is in a very worrying state. “The inequality in Indonesia is nearly reaching [the level of disparity in] several African countries,” said Syarkawi today, July 14. According to Syarkawi, this phenomenon can happen because of several reasons. […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati assured that the negotiation of tax cooperation between Indonesia and Singapore is running smoothly. The Indonesian government is currently registering the wealth of Indonesian citizens in Singapore. “We are applying the principle that is mentioned in the Base Erosion and Profit Shifting (BEPS),” said Sri Mulyani on Thursday, July 13. BEPS was formed as a […]
Read MoreLao economy is set to remain one of the fastest growing in the region in coming years as long as the global economic recovery remains on track, local daily Vientiane Times reported Thursday. The World Bank projected the Lao economy to expand at around 7 percent in 2017-19, while the International Monetary Fund (IMF) has […]
Read MoreMANILA — A $500 million tax settlement offer by a tobacco maker may be difficult for the Philippine government to refuse as it struggles to raise funds. Caesar Dulay, head of the tax agency responsible for 80% of revenue, said he is keen on accepting a 25 billion-peso (16.7 billion baht) compromise offer from Mighty […]
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