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Lao PM says Asean, APEC important for globalisation process

TOKYO, Japan (Kyodo) — Lao Prime Minister Thongloun Sisoulith said on Monday in Tokyo that international and regional frameworks, including Asia-Pacific Economic Cooperation Forum and the 10-nation Association of Southeast Asian Nations, have “great importance in moving forward the process of globalisation”. Attending a business forum, he noted concern over the rise of antiglobalisation movements […]

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Thailand: Steep fall in tax revenues

The Revenue Department’s collection fell short of target by 80 billion baht for the first eight months to May, largely due to the steep decline in petroleum income tax. The tax shortfall adds to the country’s largest tax-collecting agency a possibility of failing to miss this fiscal year’s target. Petroleum income tax for the eight […]

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Philippines leads in internet speed increase

MANILA, Philippines –  Akamai, a leading content delivery network services provider for media and software delivery, and cloud security solution, recently came out with its State of the Internet Q1 2017 Report. According to Akamai, the Philippines, together with Thailand and China, led the Asia Pacific cluster in gains with each country enjoying a 20 […]

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Philippines: Phl manufacturing outperforms in Asean

MANILA, Philippines –  The Philippine manufacturing sector outperformed those of other Southeast Asian countries in May as it remains firmly in expansion territory during the month, according to the latest reading of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI). Domestic manufacturing registered a higher PMI reading of 54.3 in May, up from 53.3 in […]

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Investor-friendly environment and human capital essential for Myanmar’s success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]

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