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Cambodia: Singapore firm agrees to manage mall in The Peak

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 […]

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Philippines: Manila slips in quality of living index

MANILA, 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 […]

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Myanmar: Union Tax Law approved without tax amnesty clause

Parliament 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 […]

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