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Philippines – World Bank: Signing of Bangsamoro Organic Law a ‘significant milestone’

MANILA, Philippines — The World Bank on Tuesday welcomed President Rodrigo Duterte’s approval of a much-awaited law that will grant more autonomy to the country’s predominantly Muslim region to end decades-long conflict in troubled parts of Mindanao. Duterte last week greenlighted the Bangsamoro Organic Law, which would implement the 2014 peace agreement between the government and the Moro […]

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Thailand: VAT exemption repeal in view

The Revenue Department says the draft bill on revocation of the value-added tax (VAT) exemption for online purchases of goods worth less than 1,500 baht from vendors outside of Thailand that are shipped by mail will be ready soon. The draft bill is being considered by the Revenue Department and will establish a system to facilitate […]

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BRUNEI RECORDS 2.5% GDP GROWTH IN Q1 2018

Increases in oil and gas production in the first quarter of 2018 have boosted Brunei’s gross domestic product (GDP) by 2.5% to BND 4.38 billion. According to statistics released by the Department of Economic Planning and Development (JPKE) yesterday, liquified natural gas production was up by 12% compared to the same period last year; from 952.2 thousand […]

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Singapore’s offshore industry is recovering

SINGAPORE: A big drag on Singapore’s growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren’t betting on a return to the glory days anytime soon. The industry, along with a top-class finance sector, has been a key pillar of Singapore’s economic transformation into a […]

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