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Cambodia: For energy independence, government must diversify and invest: experts

Despite Cambodia’s efforts to shore up its energy independence, the government needs to increase homegrown electricity generation to lower prices, ensure investment and meet the Kingdom’s increasing demand for energy, experts said yesterday at a regional energy security forum. Han Phoumin, an energy economist at the Economic Research Institute for Asean and East Asia, said […]

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Laos-Vietnam justice cooperation marked with medals

Justice officials from Laos and Vietnam met in Vientiane yesterday to mark the 55th anniversary of  diplomatic relations, the 40th anniversary of the Friendship Treaty and Laos-Vietnam Cooperation, and the 35th anniversary of the countries’ collaboration between their respective ministries. The event attended by Deputy Prime Minister SonexaySiphandone saw Lao Minister of Justice XaysiSantivong host […]

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Salaries in Singapore likely to rise 3.9% next year: Mercer

SALARIES across industries in Singapore will likely rise by an overall 3.9 per cent next year, without taking into account inflation, human resource consultants Mercer said on Wednesday. The majority of industries in fact will enjoy higher salary increases, with the exception of the life insurance, Internet, real estate, banking and logistics industries. The findings […]

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Philippines: Government readies estate tax amnesty in 2018

MANILA, Philippines — The Duterte administration is planning to roll out next year its amnesty program for individuals and corporations with unsettled estate tax liabilities, according to the Department of Finance (DOF). In an interview, Finance Secretary Carlos Dominguez confirmed to reporters the government is considering to implement its tax amnesty program in 2018, starting […]

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Lawmaker warns Filipino investors about ‘extremely risky’ bitcoins

Manila, Philippines — A lawmaker on Wednesday warned Filipino investors from temptation of buying bitcoins, saying such a type of digital currency are “extremely risky investments.” “Cryptocurrencies like bitcoin are a promising low-cost remittance platform for Filipino workers sending their earnings home but they are extremely risky investments due to lack of regulatory protections for […]

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