MANILA, Philippines — The proposed hike in coal excise tax is threatening the country’s accelerated manufacturing growth target of over 10 percent next year, Trade Secretary Ramon Lopez warns. Lopez said achieving the target would be “challenging” should the proposed coal tax under the Senate-approved version of the Tax Reform for Acceleration and Inclusion Act […]
Read MoreTEMPO.CO, Jakarta – Vice President Jusuf Kalla believes that the 2018 Asian Games event will also have a positive impact on long-term investments. “Despite the huge cost, the Asian Games is very important, as it will also have a positive impact on investment in future,” Kalla noted after the signing of the 2018 Asian Games funding sponsorship agreement with […]
Read MoreThe Central Bank of Myanmar (CBM) will approve the forming of five sector-specific banks, according to a directive from the President’s Office to the central bank. Under the directive, the President’s Office has instructed CBM to approve the opening of Myanmar Tourism Bank, Mineral Development Bank, Glory Farmer Development Bank, Mandalay Farmer Development Bank and […]
Read MoreUpstream director Syamsul Alam of state-owned energy firm Pertamina has called on the government to declare that the country is facing an energy crisis, as it is now a net oil importer and would soon become a net gas importer, kompas.com reported on Wednesday. Syamsul said that current global oil reserves was 1,700 billion barrels, while Indonesia had oil […]
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