MANILA, Philippines — The country’s socioeconomic planning chief on Wednesday said policymakers should “rethink” what financing scheme must be implemented to fund the Duterte administration’s aggressive infrastructure push. That was after estimated take from a new tax law turned out to be less than what the government had hoped to raise. “That shortfall in the […]
Read MoreThe Hanoitimes – Truong Hai Auto Corporation (THACO) inaugurated its agricultural machinery factory at Chu Lai Open Economic Zone in Quang Nam province on February 21. The construction of the THACO factory commenced in January 2017 on an area of 12,500sq.m, representing an investment of VND500 billion (US$22 million). The factory will produce agricultural tractors, harvesters, […]
Read MoreBANKS with operations here are likely to be watching their expenses on imported services a little closer than before, as a small portion of goods and services tax (GST) will be levied on them in two years’ time. This will not just hit the three Singapore banks buying services from abroad, but will also affect […]
Read MoreOffice rentals have fallen for the first time in five five quarters, according to Colliers International’s Q4 2017 Yangon Office Report. The rates have slipped from $45 per square meter to $43 currently, the report said. The correction in prices is mainly due to higher competition. As more modern office space becomes available in Yangon, existing […]
Read MoreMANILA, Philippines — The European Union (EU) has urged the Philippines to open up its economy to more foreign players, noting that the country now has a strong competition policy in place. EU Ambassador to the Philippines Franz Jessen said yesterday it is high time for the country to relax foreign restrictions as it now […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) once again released a public announcement regarding virtual currencies such as Bitcoin that are not considered to be a legitimate payment tool in Indonesia. In accordance with Law, No 7/2011 on currencies state that legitimate currencies are the ones that are issued by the country and that every transaction must use Rupiah as its […]
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Thailand
