Singapore-based CapitaLand has signed an agreement to manage the mall located in Phnom Penh’s The Peak, which is set to open in 2020. The Peak, a joint project between Singapore-based developer Oxley and Cambodia-based Worldbridge Land, is a 55-storey development set to have retail shopping, condominiums and a hotel. The move marks CapitaLand’s first entry […]
Read MoreMANILA, Philippines — Manila has dropped two notches in the list of cities in the world with the best quality of life, according to the latest survey conducted by consulting firm Mercer. The Philippine capital, previously at 135, tied with Colombo in Sri Lanka at 137 in the 2018 Quality of Living Survey. Austrian capital Vienna […]
Read MoreParliament yesterday approved the Union Tax Law for 2018 after omitting a tax amnesty clause proposed by the government. The proposal was rejected after five meetings among MPs, government officials and businessmen. Instead, a separate law on tax amnesty will be drafted. The government had originally proposed that resident citizens and non-resident citizens with undisclosed […]
Read MoreThe Phnom Penh Post is currently negotiating a tax bill with Cambodia’s General Department of Taxation (GDT), the newspaper’s CEO said on Tuesday, denying media reports that The Post was on the verge of shutting down, and characterising the negotiations as “routine”. Marcus Holmes, who has been CEO since late 2017, said on Tuesday that the negotiations with […]
Read MoreThe Energy and Mineral Resources Ministry plans to expand the use of biodiesel to 3.5 million kiloliters annually by encouraging the mining sector and state-owned railway operator KAI to use the fuel. “I just reported the plan to use biodiesel for [trains operated] state-owned railway operator PT Kereta Api Indonesia,” the ministry’s new and renewable […]
Read MoreKBZ Bank, Myanmar’s largest privately-owned bank, has secured a partnership with Huawei to create an inclusive digital financial ecosystem. The partnership aims to give Myanmar citizens across the country greater access to finance and improve their quality of life through banking. Mike DeNoma, CEO of KBZ, said it is exciting to create an inclusive digital […]
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Thailand
