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Thailand is a top draw for SE Asia migrant labour

Workers in Southeast Asia are on the move, and they don’t always go far. Thailand, Malaysia, and Singapore have become the region’s migration hubs and are now home to 6.5 million migrants from the Association of Southeast Asian Nations, the World Bank said. Myanmar and Indonesia are the top sources of migrants, the Washington-based lender said […]

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Malaysia: Ringgit higher against US$

KUALA LUMPUR: The ringgit rebounded to kick off the week higher against the US dollar on refresh demand after mild profit taking last week, due to re-emerging tension over the possibility of another missile test by the North Korea, dealers said. At 9.15 am(0115 gmt), the local unit was quoted at 4.2290/2340 against the greenback […]

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Competition good for Philippines SME, says World Bank

MANILA, Philippines — The World Bank said the opening up of more economic areas to foreign participation would build up the competence of local businesses and enable the domestic economy to develop competitive industries. The government is currently working to ease restrictions on foreign ownership and participation in more areas first through the crafting of […]

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Indonesia: Startup Policy Based on The Principles of Justice: Tax Official

TEMPO.CO, Jakarta – Director General of Taxation Ken Dwijugiasteadi said that the startup taxing scheme continuous to be progressively discussed and will be arranged according to the principles of justice and will heavily consider the aspect of proportionality. “That is what we are still discussing with numerous people,” said Ken on Friday, October 6. Startup companies will eventually receive […]

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Vietnam posts $1.1bn trade surplus in September

HANOI: Vietnam had a trade surplus of $1.1 billion in September, much higher than the government’s forecast of $400 million, the customs department said on Monday. Exports in September fell 2.1% from a month earlier to $19.34 billion, while imports edged up 0.3% from August to $18.24 billion, Vietnam Customs said on its website. Vietnam […]

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Covering Asia

Many Asians who have never owned a private insurance policy or received benefits have negative attitudes toward health and life insurance. Many lower-income consumers see it as something they cannot afford, while others are deterred by stories of fraud. More superstitious types see buying insurance as increasing the risk of something bad happening to them. […]

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