Twenty years since the 1997 Asian financial crisis, analysts are once again looking skeptically at potentially unsustainable debt piles in the region. Largely untouched by the ’97 collapse, Laos could get pulled into a new era of financial turmoil. An International Monetary Fund (IMF) report released this year said that the risk of “external debt distress” […]
Read MoreWith the General Department of Taxation (GDT) recently introducing transfer pricing rules that aim to shore up the Kingdom’s tax base and align regulations with international standards, The Post’s Kali Kotoski spoke with Brendan Lalor, director of tax and advisory services at Ernst & Young, about how the new laws will impact businesses. Can you broadly […]
Read MoreThe Hanoitimes – In welcoming billionaire Jack Ma to Vietnam, the Prime Minister Nguyen Xuan Phuc hoped the Founder and Chairman of Alibaba Group Jack Ma will inspire young Vietnamese with his success story. On November 6, the Prime Minister Nguyen Xuan Phuc had a meeting with the Founder and Chairman of Alibaba Group Jack ma. […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) reiterated it is not expected to move in synch with the tightening moves of some central banks in advanced economies. BSP Governor Nestor Espenilla Jr. said monetary authorities are focused on promoting price and financial stability conducive to a balanced and sustainable economic growth. “Our monetary […]
Read MoreMANILA, Philippines — The Philippines will continue to lag behind Asian neighbors in socio-economic development unless government takes proactive reforms to address the country’s high power cost – considered the most expensive in the world, according to Meralco PowerGen Corp. (MGen) senior vice president for commercial and planning Chrysogonus Herrera. “We are at the bottom […]
Read MoreMore joint ventures deals are expected between Thai medium-sized enterprises and local operators amid high growth potential of emerging economies, according to a high-ranking Bangkok Bank executive. Mr Virasak says the partnership model is key to diversifying risks. Some of the bank’s medium-sized customers are expanding beyond their home turf into Asean region, particularly Cambodia, […]
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