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Investigating loss-reporting FDI enterprises in Vietnam

The Hanoitimes – With revenue up to trillion VND and continuously expanding business operation, FDI enterprises still reported loss and contributed modestly to the state budget. These are situations happening at many Foreign Direct Investment (FDI) enterprises in Vietnam. Despite the Ministry of Finance has inspected and retrieved a huge amount for state budget, however, the […]

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Philippines: Inflation remains manageable – DOF

MANILA, Philippines — The Department of Finance (DOF) expects inflation to remain manageable in the coming months given the solid macroeconomic fundamentals of the country, its chief economist said yesterday. In a statement, Finance Undersecretary Gil Beltran said inflation currently remains at a comfortable level, with the consumer price index growing an average 3.13 percent […]

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Laos: Cabinet orders urgent action to improve investment climate

The government cabinet has ordered authorities in charge to speed up streamlining procedures to ease business operations and improve the investment climate. The cabinet issued the instruction at its two-day monthly meeting for November that ended yesterday in Vientiane. Chaired by Prime Minister Thongloun Sisoulith, the cabinet meeting told the authorities to accelerate revising a […]

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Cambodia: Big trouble in little China?

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts as well as restaurants, street stalls and shops on the […]

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Malaysia moving towards cashless society – BNM

KUALA LUMPUR, Dec 8: To embrace the digital economy, Bank Negara Malaysia (BNM) has taken various step to enhance the e-payment platform, hence moving the country towards a cashless society. Governor, Tan Sri Muhammad Ibrahim said, effective July 1, 2018 the Instant Transfer fee of 50 sen will be waived for up to RM5,000 per transaction […]

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