Thailand climbed two spots to 38th place in this year’s World Economic Forum (WEF) global competitiveness index 4.0 rankings of 140 nations. The kingdom saw its score edge up from 66% last year to 67.5%. The global competitiveness index (GCI) 4.0 measures national competitiveness — defined as the set of institutions, policies and factors that […]
Read MoreManpower Minister Hanif Dhakiri has proposed an 8.13 percent rise in the provincial minimum wage (UMP) for 2019, saying an increase of that amount was based on data issued by Statistics Indonesia (BPS) on inflation of 2.88 percent and economic growth of 5.15 percent. “We hope that all governors will soon [adopt] the new provincial […]
Read MorePETALING 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 […]
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