Bank Indonesia Governor Agus Martowardojo has stressed that the planned issuance of digital rupiah will not happen anytime soon. Time was needed for research on the necessity of a virtual currency, to assure that such currency would not disrupt financial stability, Agus said in Jakarta on Tuesday, as reported by kompas.com. “It takes time. It could […]
Read MoreREMOVING the preferential tax rate (PTR) for multinational companies’ regional headquarters (RHQs) and regional operating headquarters (ROHQs) are not only confusing investors on the government’s plans for them, but also risk reducing foreign investments in the country, two business groups warned on Wednesday. “With the issuance of the Bureau of Internal Revenue (BIR) advisory last […]
Read MoreDevelopment of the information and communication technology (ICT) sector in Laos falls in line with China’s Belt and Road initiative as this technology will be key for connectivity between China and countries in Southeast Asia. Deputy Minister of Post and Telecommunications, Mr Thongsay Xanxaya, made the comment when talking about Laos’ ICT sector at the […]
Read MoreYangon’s leaders want to upgrade and promote the city as a business hub for the country. Last week, its mayor, U Maung Maung Soe, submitted draft legislation for the governing and development of the city to the Yangon Regional Parliament. “The draft YCDC Law covers 32 sectors and has 398 sections concerning the development of Yangon […]
Read More[SINGAPORE] The lower half of households in Singapore saw their incomes from work grow last year, but at a slower pace than the wealthier half. Still, according to a Department of Statistics (DOS) report released on Thursday, income inequality changed little from 2016, as government transfers and taxes narrowed the gap between the rich and […]
Read MoreA Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. Thoub Chankrassna Khmer Co (TCK), which owns agarwood plantations and an incense factory in Preah Sihanouk province, has partnered with Thai-based […]
Read More
Thailand
