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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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Cambodia: New committee to make Sihanoukville ‘fair and attractive’ for businesses

Amid worries that the ever-increasing number of foreign companies, particularly Chinese, in Sihanoukville’s hospitality sector may be taking business away from locals, authorities in the seaside province have agreed to create a joint-working group to enforce current legislation and guide the drafting of new one. The meteoric rise of tourist arrivals to the coastal areas […]

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Garuda Indonesia Wins Best Asean Airlines Program

TEMPO.CO, Cengkareng – Garuda Indonesia received an international award through the Asean Tourism Awards 2018 in Chiang Mai, Thailand, Friday, January 26. Garuda awarded for the Best Asean Airlines Program category. The award was given by the Minister of Tourism, Arief Yahya, to Director of Marketing and IT Garuda Indonesia, Nina Sulistyowati. Garuda Indonesia won because of the “AyoLiburan” […]

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