While the suspension of the increase in the excise tax on oil will immediately be felt by consumers in terms of lower prices of fuel, spending on some non-infrastructure projects, such as subsidies given to marginalized sectors, might have to be sacrificed. Government will consider slashing non-infrastructure spending due to the P41-billion foregone revenue that […]
Read MoreDespite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]
Read MoreThe government’s policies aimed at reducing imports have had little affect on the trade balance with the country booking only a meager trade surplus, Statistics Indonesia (BPS) statistics distribution and service deputy head Yunita Rusanti said in Jakarta on Monday. Speaking at a press conference, Yunita said Indonesia had recorded a trade surplus of US$230 […]
Read MoreLocal banks will benefit from the impending move by the Monetary Authority of Singapore (MAS) to bar larger electronic wallet operators from lending their wallet funds, according to Moody’s, a credit ratings agency. The legal requirements that MAS is seeking to impose are “credit positive” for deposit-taking banks, including OCBC Bank, United Overseas Bank and DBS […]
Read MoreTEMPO.CO, Phnom Penh – The Cambodian government and the country’s tourism industry are developing halal tourism to lure tourists from Southeast Asia and the Middle East. The Indonesian Embassy in Cambodia on Thursday, October 12, said that a number of investors were developinghalal tourism in the country. Cambodia, known for its tourist attractions in the form of temples, is home to the Champa village—a Muslim residential area. The First Secretary of the Indonesian Embassy in Phnom Penh, […]
Read MoreKUALA LUMPUR (Oct 15): Malaysia has been ranked 55th in the World Bank’s 2018 human capital index, lagging behind Singapore which topped the list. Malaysia scored a total 0.62 versus Singapore’s 0.88. Singapore came in first ahead of South Korea, Japan, Hong Kong and Finland. Chad was at the bottom of the list with a […]
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Thailand
