MANILA, Philippines – Marikina Rep. Romero Quimbo urged the House of Representatives Ways and Means Committee yesterday to separate the proposed reduction in income tax from the administration proposal to impose a P6 tax on diesel and other oil products. Quimbo, who headed the committee in the previous Congress, reminded current chairman Dakila Cua that […]
Read MoreThe southern province of Binh Phuoc is seeking investors to inject more capital into its 13 industrial parks and spur industrialisation, the People’s Committee said. Businessmen are being encouraged to invest in petrochemical, pharmaceutical, plastic and rubber components, and production projects with added value of 30 per cent or more, in addition to automobile manufacturing […]
Read MoreBusiness confidence is expected to improve in 2017, following the Government’s hastened reform efforts aiming to create momentum for firms and boost start-up entrepreneurship. After a year of record firm foundations, which is considered a silver lining although the country failed to meet its growth target, the Government signaled ongoing determination to improve the business […]
Read MoreMANILA, Philippines – British banking giant HSBC said strong investments and private consumption would help sustain the country’s economic expansion. In a report, HSBC economist Su Sian Lim said the gross domestic product growth in the Philippines, Indonesia, Malaysia, Thailand, Singapore and Vietnam would average 4.4 percent this year and 4.5 percent in 2018. “ASEAN […]
Read MoreJAKARTA: Indonesia on Monday will report fourth-quarter data that’s expected to show annual economic growth moved back above 5% in 2016, but just barely. In 2015, growth slumped for a fifth straight year, falling to 4.79%, the lowest since 2009. For the last quarter of 2016, the median forecast of 18 analysts in a Reuters […]
Read MoreConsumers in China will be able to taste fresh pineapples from Malaysia soon when the country starts importing the fruits, likely next month. Malaysia Pineapple Industry Board director-general Sahdan Salim said both countries were currently finalising details on the quarantine procedures imposed by China authorities. He said both countries had signed an agreement in 2013 […]
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Thailand
