MANILA, Philippines — The Philippines is expected to become the 18th largest economy in the world over the next twenty years, Capital Economics reported, citing the Southeast Asian nation’s young workforce. In its “Long-Term Global Economic Outlook” report released last week, the London-based economic research consultancy forecasts the Philippines’ nominal gross domestic product to hit $1.414 […]
Read MorePresident Joko “Jokowi” Widodo launched the One Map Policy Geoportal (KSP Geoportal) on Tuesday as a national information portal to serve as a point of reference for land use planning by all government institutions and the general public. Jokowi said he expected the one-map policy to address the issue of overlapping land claims in the country. […]
Read MoreBank Indonesia’s survey on the retail sector has shown that sales growth in October declined to less than half the figure in September. The BI survey records a 2.9 percent year-on-year (yoy) retail sales index (RSI) for October, lower than the 4.8 percent yoy RSI for September. The highest growth was recorded in clothing and public transportation fuel, which respectively contributed 24.6 […]
Read MoreTHE TOURISM and Sports Ministry has proposed extending the current tax allowance for local tourists who visit less-popular destinations until the end of the next year. The tax concession is scheduled to end at the end of 2018. Tourism and Sports Minister Weerasak Kowsurat said that he had proposed to the Finance Ministry to extend […]
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