Page 4 – ASEAN Economic Community Strategy Center

December 17, 2018

Philippines: Oil, gas exploration projects attract 13 applications

MANILA, Philippines — The country’s “Explore, Explore, Explore” program has generated 13 interested applications for the pre-determined areas for oil and gas exploration bared during last month’s launch. Eight parties have nominated new areas for oil and gas exploration activities. “We have 14 pre-determined areas (PDAs) under Philippine Conventional Energy Contracting Program (PCECP) and 13 have applied for the pre-determined areas,” […]

December 17, 2018

Singapore exports post first annual decline in 8 months, China risks grow

SINGAPORE: Singapore’s exports fell for the first time in eight months on a year-on-year basis in November with shipments to China, its biggest market, continuing their decline on slowing growth in the world’s second largest economy. The contraction comes as economists grow increasingly worried about the impact of Sino-U.S. trade tensions on demand from China, […]

December 17, 2018

Myanmar: Fiscal restructuring, discipline needed as budget balloons: World Bank

Public spending is expected to balloon in the next two years leading up to the 2020 General Election, potentially taking the fiscal deficit up to 6 percent as a share of GDP over the current fiscal year, according to government data. The K22.1 trillion Budget, which allocates more spending towards health, education and energy, is […]

October 17, 2018

Thailand: Latest tax break covers B60k of prenatal care, childbirth costs

The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement. The new tax deduction is aimed at encouraging people to have more children as Thai society […]

October 17, 2018

ADB, Laos Sign Deals To Improve Tourism, Urban Service

(KPL) The Asian Development Bank (ADB) and the government of the Lao PDR on Oct 16, 2018 signed grant agreements worth US$ 125.5 million in total for three projects in the tourism and urban sectors. The agreements were signed in Vientiane by Deputy Minister of Finance Thipphakone Chanthavongsa and ADB Country Director to Laos Yasushi […]

October 17, 2018

Capital outflow from Malaysia and emerging markets stabilising

KUALA LUMPUR: Capital outflows from emerging markets (EM), including Malaysia, are expected to stabilise soon, as investors are now taking another look at beaten-down assets in these economies, according to Allianz SE. According to the chief economist of the Germany-based insurance and asset-management company Dr Michael Heise, indications have emerged that investor sentiment towards EM […]

Asean News

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Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

Economy Retailers must find competitive edge: experts

Up to 72 percent of enterprises support TPP

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