Businesses have agreed on a planned minimum wage hike, details of which are to be settled by mid-month, but they argue that the increase should not be imposed at the same rate nationwide. They also warn that the 3 million small and medium-sized enterprises (SMEs) and the farm sector will be hit hardest by the […]
Read MoreMANILA, Philippines —The first package of its tax reform measures will not lead to increases in prices of basic commodities, according to Trade Secretary Ramon Lopez, as the government tries to calm the public over worries that the new law will result in spike in household expenses. President Rodrigo Duterte signed the tax reform measure […]
Read MoreSINGAPORE’S property market came in as the most promising one among Morgan Stanley Research’s rankings of Asean markets which include the Philippines, Thailand and Indonesia. So bullish is the research house on the Singapore market that it actually expects home prices to rise 8 per cent this year and again in 2019, as rising buyer […]
Read MoreFiscal incentives have led to the Philippines recording the lowest collection efficiency in the region with regard to corporate income taxes, the Finance department claimed on Tuesday. In a statement, the department noted that the country — which imposes the highest corporate income tax rate in the Association of Southeast Asian Nations at 30 percent […]
Read MoreThe 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 […]
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Thailand
