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Thailand: Tax perks for food cluster

The government is confident that attractive tax incentives will drive spending in research and development(R&D) by private companies in Food Innopolis and create hundreds of jobs. Kitipong Promwong, the secretary-general at the National Science Technology and Innovation Policy Office, forecast 1.5 billion baht will be invested by private companies in Food Innopolis this year, creating […]

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Malaysia’s economy has stabilised amidst falling government revenue

KUALA LUMPUR: Malaysia’s A3 government bond rating and stable outlook suggests a resilient economy against structural fiscal challenges posed by the trend deterioration in revenue, as well as signs of weakening institutional strength, according to Moody’s Investors Service. “We expect robust gross domestic product (GDP) growth of 4.3% on average in 2017-2018 and continued current […]

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Singapore best in Asia for quality of living

Singapore remains first among cities in Asia for quality of living, with its infrastructure securing top spot worldwide, according to the human resources consulting firm Mercer. But great disparities in the quality of living still persist on the continent as indicated by the vast disparity in rankings between cities in developed and developing countries, the […]

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New local airline launches in Cambodia

PHNOM PENH – JC International Airlines officially launched in Cambodia on Saturday, bringing the number of local airlines operating in the kingdom to five. JC International Airlines CEO Dongyan Huang said the airline was registered as a local company with an investment capital of US$50 million.  She said the airline has two Airbus 320 aircraft […]

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Indonesia plans to sue PTTEP over 2009 oil spill

JAKARTA – Indonesia is preparing to sue a unit of Thailand’s PTT Exploration and Production (PTTEP) for environmental damage from the Montara oil spill in 2009, the country’s Coordinating Maritime Affairs Ministry said. The move follows earlier attempts at negotiation that stalled in 2012, and a separate class action suit filed by a group of […]

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