KUALA LUMPUR: Tun Dr Mahathir Mohamad has unveiled fresh plans for Malaysia to become one of the main destinations for the high-tech industry by 2025. The Prime Minister unveiled a four-pronged strategy for Malaysia to be on a stronger footing in the manufacturing sector through higher productivity, contribution, innovation and increasing the number of high-skilled workers at […]
Read MoreDespite opposing claims by leading sector figures, local authorities in Preah Sihanouk say tourist numbers in the coastal province continue to experience a healthy growth. During the first nine months of the year, the number of visitors – both local and foreign – to Preah Sihanouk grew by 6.65 percent, totalling 1.61 million people, said […]
Read MoreThe long-awaited draft bill on the land and buildings tax is expected to head to the National Legislative Assembly (NLA) for a second reading in mid-November, with the new property tax scheduled to take effect in January 2020. The bill was agreed upon by the NLA’s standing committee but was stuck for nearly two years after […]
Read MoreChinese factory activity slowed in October, official data showed on Wednesday, adding to a growing list of bad news for the Asian giant as it struggles to maintain economic momentum in the face of US tariffs and a weakening yuan. The Purchasing Managers’ Index (PMI), a key gauge of factory conditions, came in at 50.2 […]
Read MoreFIRMS here are gloomier about the business outlook for the six months to next March, according to official quarterly polls out on Wednesday. Sentiment has worsened in both the manufacturing and services sectors, and economy watchers said the trend could point to a slowdown next year. A net weighted balance of one per cent of […]
Read MoreThe Hanoitimes – Starting on October 12, Vietnam has accepted payment in the Vietnamese dong (VND), Chinese yuan (CNY), or fully convertible currencies for overland trade activities with China. The State Bank of Vietnam (SBV)’s Circular No.19 allowing the CNY payment for border trade activities between Vietnam and China does not contradict Vietnam’s Constitution, regulations set […]
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Thailand
