The Philippines will have to ramp up its total investment spending to an equivalent of 30 percent of gross domestic product (GDP) to achieve its goal of becoming an upper middle-income economy by 2022 and a high-income one by 2040, the socioeconomic planning body said over the weekend. As part of the target, the public […]
Read MoreKUALA LUMPUR/SINGAPORE: Singapore is set to be 2017’s hottest spot for initial public offerings (IPOs) in tropical Southeast Asia with sales of stakes in business and real estate trusts, while currency volatility and weak investor sentiment curb deals elsewhere in the region. Singapore’s stock exchange has promoted itself as a centre for business trusts and […]
Read MoreKUALA LUMPUR: The Inland Revenue Board of Malaysia (IRBM) collected more than RM114 billion in direct taxes for 2016, slightly lower that the RM116.8 billion in 2015. Deputy Chief Executive Officer(Management) Datuk Mohd Nizom Sairi said the amount collected is also less than the RM115 billion targeted for the year following the weak economy, as […]
Read MoreThe Board of Investment (BoI) plans to hold more business-matching events to help raise joint investment by 5-10% from some 1,000 matching companies it created last year, says the BoI Unit for Industrial Linkage Development (BUILD). BUILD director Wirat Tatsaringkansakul said new investment from business matching in 2016 totalled 34 billion baht and is expected […]
Read MoreThe Cambodian government has decided to stop selling temporary permits to Cambodian citizens heading to Rong Kluea market in Aranyaprathet district in Sa Kaeo through the Poipet border checkpoint. A letter from Banteay Meanchey provincial governor Soun Bavor on Wednesday said Deputy Prime Minister Ke Kim Yan decided to stop selling the permits — which […]
Read MoreA Thai membership card scheme’s whopping $57,000 membership fee has proven a tough sell in Cambodia, even among the Kingdom’s free-spending, status-loving elites. The Thailand Elite Privilege Card, an exclusive membership card program operated by a subsidiary of Thailand’s tourism authority, launched a sales drive in Cambodia last April after signing an agreement with local […]
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