The World Bank is urging Asean member countries to ease labour restrictions so migrant workers can earn money overseas to boost welfare and deepen economic integration. Migration is growing at a faster rate in Asean than within any other region globally, according to one of the bank’s cartoon-filled reports released Monday entitled Migrating to Opportunity. Between 1995 […]
Read MoreKUALA LUMPUR: Mega First Corporation Bhd has secured loan facilities totalling US$150mil or RM634.87mil to part finance the building of its Don Sahong hydropower project in Laos. It said on Tuesday its unit Mega First Investments (L) Ltd had entered into facility agreements with various financial institutions for club deal facilities totalling US$150mil comprising – term […]
Read MoreTEMPO.CO, Jakarta – Director General of Tax said that, as of September 30, total tax revenues reached Rp770.7 trillion or 60 percent of the target set in the revised 2017 state budget (APBN-P) or Rp1,283.6 trillion. As such, the Tax DG needs to collect Rp513 trillion more to meet the target. “The realization dropped 2.79 percent [year-on-year]…,” […]
Read MoreThe European Union and the US are considering targeted sanctions against Myanmar military leaders in response to a mass exodus of Rohingya Muslims from northwest Rakhine, Reuters has reported, quoting officials familiar with the discussion. Around half a million Rohingya Muslims are reported by the United Nations to have fled to neighbouring Bangladesh after an […]
Read MoreCutting the exemption ceiling for first homes to 20 million baht from 50 million will nearly triple the number of residences subject to the land and buildings tax to 30,000, says Deputy Finance Minister Wisudhi Srisuphan. According to the Finance Ministry’s data, 11,000 homes would be subject to the new property tax payment if the […]
Read MoreJAKARTA (AFP) – Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a bid to capitalise on the country’s burgeoning digital economy and potential as Southeast Asia’s largest online market. Indonesia has seen a surge of cash into its technology sector over the past two years, helping support […]
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