Despite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]
Read MoreSINGAPORE – Resale prices of condominiums and private apartments climbed to a fresh record last month, according to flash estimates from real estate portal SRX Property on Tuesday (April 10). Prices for non-landed private homes rose by 1.5 per cent against February’s peak. The price change for February was revised upwards to 2 per cent, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to pursue major reforms to sustain the strong position of Philippine banks. BSP Deputy Governor Chuchi Fonacier said the regulator would continue to craft meaningful and proactive reforms that are aligned with best practices and international standards, and at the same time sensitive to […]
Read MoreThe General Department of Taxation on Friday issued a statement reminding Cambodian financial institutions to comply with the reporting requirements of the US’s Foreign Account Tax Compliance Act (FATCA). Cambodia and the US have signed an agreement to enforce FATCA, which mandates that financial institutions holding certain amounts of money in accounts managed by US […]
Read MoreThe Ministry of Industry (MOI) will build and assemble vehicles for special purposes such as mobile marts to help businesses reach the rural population in hard to access locations. “We have plans to produce and assemble three such vehicles,” said U Htun Myint, deputy permanent secretary at the MOI. The so-called mobile marts will bring […]
Read MoreMANILA, Philippines — The Philippines is seen as a better choice for foreign direct investments over faster growing economies in Asia like China and Vietnam, an American diplomat said. China and Vietnam are the only two countries in Asia which outpaced the Philippines’ economic growth of 6.7 percent in 2017, posting expansions of 6.9 and […]
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Thailand
