PETALING JAYA: Malaysia moved up one notch to the 25th spot out of 140 countries in the World Economic Forum’s (WEF) 2018 Global Competitiveness Report (GCR). This came after the nation gained 1.1 points to achieve an overall score of 74.4 points in the survey that rates economies based on 12 pillars, namely, institutions; infrastructure; […]
Read MoreMANILA, Philippines — The suspension of the next increase in fuel excise tax may no longer be necessary given the declining price of Dubai crude oil in the global market, the Department of Finance (DOF) said yesterday. Citing data from the S&P Global Platts as of Oct. 12, Finance Undersecretary Gil Beltran said the Dubai crude oil futures for […]
Read MoreMyanmar will implement plans to raise tax revenues in the coming years. “Our target is collect over 15 percent in taxes to GDP,” said U Min Htut, director general of the Internal Revenue Department under the Ministry of Planning and Finance. The tax to GDP ratios of other ASEAN countries are all above 10pc, with […]
Read MoreThe Cambodian government plans to standardise the import of automobile especially second-hand cars to ensure quality and safety for the end-user is not compromised, said a senior official from the Ministry of Public Works and Transport yesterday. Pov Maly, secretary of state for the ministry told reporters after a meeting yesterday that so far, Cambodia […]
Read MoreWith the rules guiding the Asean Economic Community (AEC) seemingly favourable to the business community, what should the Asean workforce expect in return for their movements within the community? There are fears the unsuspecting public might fall victim to their own obscurity on their rights within the AEC framework. To begin with, the business community […]
Read MoreMANILA, Philippines — LBC Express Holdings Inc., the listed logistics company, has acquired LBC Mabuhay Remittance Brunei Remittance SDB Bhd after acquiring the shares of the latter’s majority shareholders. In separate disclosures yesterday, LBC Express said the company signed a share purchase agreement to acquire from Jamal Ltd. 50 percent ownership in LBC Mabuhay Remittance […]
Read More
Thailand
