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Vietnam: Finance ministry slashes fees to support enterprises

The Hanoitimes – The Ministry of Finance recently issued regulations on cutting fees for enterprises in a bid to help them achieve better growth. Under Circular No.130/2017, which has taken effect from January 20 this year, the fees for new business registration, business registration certificate adjustment, and business registration certificate re-issuance will be halved from VND200,000 […]

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Thailand – UTCC: SMEs can handle minimum wage hike

Thai small and medium-sized enterprises (SMEs) are expected to survive the negative impact of the daily minimum wage hike, as many have shifted to rely more on information technology, robots and online shopping, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). Thanavath Phonvichai, vice-president for research at the […]

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Myanmar: Liberalisation of gold market draws divergent response

In an attempt to raise tax and gold mining revenues and promote Myanmar-made gold products internationally, the National League for Democracy government on January 22 announced moves to liberalise the country’s gold market, The Myanmar Times reported last week. For the first time in Myanmar’s history, exports of locally-produced gold and gold products will be permitted, the Ministry […]

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Budget 2018: Singapore R&D tax perks could be among world’s weakest when PIC expires, says KPMG

SINGAPORE (THE BUSINESS TIMES) – More targeted measures are needed for companies to drive innovation, with the expiry of the Productivity and Innovation Credit (PIC) scheme this year, said small and medium-sized enterprises (SMEs) and observers. If not, Singapore’s standing as a research and development (R&D) hub may be impacted, as well as its ability […]

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A logo of Bank Islam Malaysia is seen at the bank's headquarters in Kuala Lumpur on November 12, 2008. Malaysian Prime Minister Abdullah Ahmad Badawi said that the global economic crisis presents an opportunity for Islamic banking to show it is a viable alternative to conventional finance. Badawi said the meltdown showed the need for laws enshrined in Islamic banking, which prohibits speculation and high levels of debt, and which has so far been relatively unscathed by the credit crunch. AFP PHOTO / Saeed KHAN (Photo credit should read SAEED KHAN/AFP/Getty Images)
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Malaysia: Bank Islam raises BR to 3.90 pct

KUALA LUMPUR, Jan 30: Bank Islam Malaysia Bhd (BIMB) is revising its Base Rate (BR) from 3.65 per cent to 3.90 per cent and Base Financing Rate from 6.60 per cent to 6.85 per cent, effective today. Chief Executive Officer, Khairul Kamarudin said the rate revision was due to the rise in Bank Negara Malaysia’s Overnight […]

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Philippines: BSP sees steady remittance growth

MANILA, Philippines — Remittances are expected to continue growing despite the setbacks arising from the ban on deployment to Kuwait as well as the imposition of higher fees on remittances, the Bangko Sentral ng Pilipinas (BSP) said yesterday. BSP Deputy Governor Diwa Guinigundo said remittances from overseas Filipinos are expected to expand by four percent […]

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