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Philippines: VAT on low-cost housing to worsen backlog

MANILA, Philippines –  The lifting of the value-added tax exemptions on low-cost housing as proposed by the tax reform bill would exacerbate the growing backlog for houses, property stakeholders said. Colliers International research manager Joey Roi Bondoc told The Star the removal of the VAT exemption on the sale of low-cost housing would make owning a house more […]

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Malaysia: Maybank IB maintains sell on 7-Eleven

KUALA LUMPUR: Maybank Investment Bank Research has maintained its “sell” rating on 7-Eleven Malaysia Holdings (SEM) with an unchanged target price of RM1.10. The research house said SEM unveiled its “Back to Basics” exercise during its analyst briefing. It said more emphasis would be placed on cost efficiencies moving forward. “With its newly announced ‘Back to Basics’ […]

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Thailand: Somkid optimistic about Q2

The economy is expected to maintain its momentum in the second quarter, with Deputy Prime Minister Somkid Jatusripitak expressing confidence that the second quarter’s economic performance is unlikely to be lower than the 3.3% recorded in the first quarter.  Growing exports will be instrumental to the country’s growth in the second quarter, Mr Somkid said yesterday […]

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Seminar: The reasons why you should buy Ho Chi Minh property – Vietnam

Detail of seminar: Date: Saturday 5th Aug, 2016 Time:  2 PM -4 PM Venue: Anantara Siam Bangkok Hotel  (Room: Montathip3) Cost:  Free Register online: http://goldenemperor.com/seminar_eng Topics to be covered at the seminar: 1. Understanding Vietnam’s new residential housing law for foreigners (i.e. who are eligible to purchase, what are the restrictions, and whether one can purchase […]

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Thailand: Labour recall costs hit home

Thai restaurants, in particular small and medium-sized ones, are seeking help from the government with the cost of bringing back foreign staff who fled across the border following the initial launch of a new labour law last month. After an outcry from businesses, the implementation of the new Royal Decree on the Recruitment of Foreigners was delayed […]

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