The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road 1 and National Road 6 in Prey Veng, Siem […]
Read MoreThe Treasury Department is expected to fetch at least 6 billion baht for the government’s coffers from auctions of state land to be developed into special economic zones (SEZ) in Tak, Nakhon Phanom and Kanchanaburi provinces under 50-year lease contracts. Some 1,055 rai of state land located in Sailuad sub-district of Tak’s Mae Sot district […]
Read MoreRichard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]
Read MoreMANILA, Philippines — The national government’s revenue is projected to reach P2.806 trillion this year due to additional collections to be generated from the final tax reform law, data from the Department of Finance (DOF) showed. According to DOF estimates, the government’s revenue program for this year may be slightly adjusted upward to P2.806 trillion […]
Read MoreTEMPO.CO, Jakarta -The Chinese Government has allowed Indonesia to export mangosteen to China after the fruit commodity was banned for four years due to the lack of quality standards. “As of January, China issued a new regulation stating that we can export mangosteen again,” said Ad-Interim Indonesia chargé d’affaires for China Listyowati on Wednesday, January 10. She said that […]
Read MoreMANILA, Philippines — The government’s efficiency in collecting corporate income taxes is suffering due to the grant of fiscal incentives and perks to various industries, according to a high ranking official of the Department of Finance (DOF). In a statement, Finance Undersecretary Karl Kendrick Chua said the Philippines, despite having one of the highest corporate […]
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Thailand
