JAKARTA: Indonesia is shutting off the public funding tap for state-owned companies, pushing them to turn to the markets for capital. From toll-road operator PT Jasa Marga to electricity producer PT Perusahaan Listrik Negara, these 118 companies – with combined sales of US$133bil – must embrace new sources of fundraising starting next year, State-Owned Enterprises […]
Read MoreKUALA LUMPUR: Malaysian exports in October rose 18.9% to RM82.41bil, exceeding a Bloomberg forecast of a 17% increase, underpinned by an higher exports of electrical and electronic (E&E) products and petroleum products. The Ministry of International Trade and Industry (MITI) said on Wednesday that exports had exceeded the RM80bil mark for the third time in […]
Read MoreMANILA, Philippines — The Philippines is eyeing to get out of its trade slump in five year’s time as it moves to attract more manufacturers to set up shop and significantly jack up domestic production, enabling the country to ship out more products. Trade Secretary Ramon Lopez said the government plans to significantly trim the […]
Read MoreKUALA LUMPUR: Malaysia’s October exports rose 18.9% from a year earlier, snapping a two-month streak of slowing annual growth on the back of higher demand for manufactured and mining goods. Export growth was above the 18.5% rise forecast by a Reuters poll, and up from September’s 14.8% growth. Malaysia has seen double-digit growth in exports for […]
Read MoreTHE REVENUE Department will amend the Revenue Code to raise the threshold for child-rearing expenses that can be deducted from personal income tax in a bid to encourage Thais to have more than one child. Prasong Poontaneat, Revenue director-general, said that under the planned legal amendment, each spouse will be given a tax deduction for […]
Read MoreThe Finance Ministry’s directorate general of customs and excise has collected Rp 143.62 trillion (US$10 billion) in revenues as of November, or about 75.94 percent of this year’s target of Rp 188.1 trillion ($13.17 billion). Yustinus Prastowo of the Center for Indonesian Taxation Analysis (CITA) estimated on Tuesday that the office would collect about Rp 147.7 […]
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Thailand
