KUALA LUMPUR: Tech experts hope Budget 2019 will include initiatives that will accelerate the fourth industrial revolution by developing and regulating the tech industry, as well as promoting digital technology in Malaysia. The market is abuzz with talk that a digital tax will be introduced in Budget 2019. This will result in Malaysia being the […]
Read MoreIndonesia’s economic competitiveness has stepped up, according to the recently released Global Competitiveness Report by the World Economic Forum (WEF). Under the newly introduced Global Competitiveness Index 4.0, Indonesia has a score of 64.9 points and is ranked at 45th, up two places compared to the previous index. Neighboring countries Singapore, Malaysia and Thailand, however, place higher […]
Read MoreThe country’s antitrust watchdog has imposed a P16-million fine against ride-hailing firm Grab Philippines and erstwhile rival Uber for failing to observe the status quo while their merger was being reviewed. The Philippine Competition Commission (PCC), in a statement, said the two firms had violated “key provisions” of its Interim Measures Order (IMO), issued in […]
Read MoreThe Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement. The new tax deduction is aimed at encouraging people to have more children as Thai society […]
Read More(KPL) The Asian Development Bank (ADB) and the government of the Lao PDR on Oct 16, 2018 signed grant agreements worth US$ 125.5 million in total for three projects in the tourism and urban sectors. The agreements were signed in Vientiane by Deputy Minister of Finance Thipphakone Chanthavongsa and ADB Country Director to Laos Yasushi […]
Read MoreKUALA LUMPUR: Capital outflows from emerging markets (EM), including Malaysia, are expected to stabilise soon, as investors are now taking another look at beaten-down assets in these economies, according to Allianz SE. According to the chief economist of the Germany-based insurance and asset-management company Dr Michael Heise, indications have emerged that investor sentiment towards EM […]
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