BANKS with operations here are likely to be watching their expenses on imported services a little closer than before, as a small portion of goods and services tax (GST) will be levied on them in two years’ time. This will not just hit the three Singapore banks buying services from abroad, but will also affect […]
Read MoreOffice rentals have fallen for the first time in five five quarters, according to Colliers International’s Q4 2017 Yangon Office Report. The rates have slipped from $45 per square meter to $43 currently, the report said. The correction in prices is mainly due to higher competition. As more modern office space becomes available in Yangon, existing […]
Read MoreMANILA, Philippines — The European Union (EU) has urged the Philippines to open up its economy to more foreign players, noting that the country now has a strong competition policy in place. EU Ambassador to the Philippines Franz Jessen said yesterday it is high time for the country to relax foreign restrictions as it now […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) once again released a public announcement regarding virtual currencies such as Bitcoin that are not considered to be a legitimate payment tool in Indonesia. In accordance with Law, No 7/2011 on currencies state that legitimate currencies are the ones that are issued by the country and that every transaction must use Rupiah as its […]
Read MoreKUALA LUMPUR: Datuk Seri Najib Tun Razak has reiterated that Malaysia would not go bankrupt as it had managed to reduce its debt to 50.4% against the self-imposed ceiling of 55% and had garnered higher foreign reserves, while works on infrastructure projects are in full swing. The Prime Minister said the government had made bold […]
Read MoreTHAILAND and Cambodia are working towards the goal of trade flows between the neighbours reaching US$15 billion in 2020, a jump of almost 10 per cent from the US$6.16 billion booked in 2017, a senior Thai trade official said on the eve of the sixth meeting of the Joint Trade Committee (JTC) today. BRISK BUSINESS […]
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