Trade Minister Enggartiasto Lukita has said the government will import 500,000 tons of medium-grade rice from Thailand and Vietnam to calm the commodity’s price, which has been increasing since late 2017 as a result of a supply shortage. The rice will arrive in late January and will be of a different variety from the local IR […]
Read MoreRETAIL sales surged in November, reversing course from the slump in October. Total takings grew 5.3 per cent in November compared to the same month a year ago, according to latest data by the Singapore Department of Statistics. This compared to the 0.2 per cent drop recorded in October, revised lower from earlier estimates of […]
Read MoreKUALA LUMPUR: The ringgit was significantly higher against the US dollar this morning, touching a level it had not seen since July 2016, as sentiment towards the local unit improved on the back of the country’s solid economic growth. At 9.16 am, the local unit stood at 3.9750/9780 against the greenback from 3.9850/9900 at the […]
Read MoreBANK Islam Brunei Darussalam (BIBD) recently received an international recognition for its world-class technology platform that provides superlative customer experiences. World Finance – a leading financial services journal – conferred two awards to BIBD for ‘Best Mobile Banking Application’ and ‘Best Digital Bank in Brunei – 2017’ at the World Finance Digital Banking Awards 2017. […]
Read MoreMANILA, Philippines — Income tax holidays and other perks enjoyed by large corporations cost the government over P300 billion in foregone revenue annually, according to the Department of Finance (DOF). Citing data gathered from the Tax Incentives Management and Transparency Act (TIMTA), Finance Undersecretary Karl Kendrick Chua said the government lost P301.22 billion in revenue […]
Read MoreThe Board of Investment (BoI) expects to receive investment proposals of 720 billion baht ($22.56 billion) this year, up 12% from 2017, it said on Friday. In 2017, foreign and domestic firms applied to invest about 642 billion baht, topping the 600 billion baht target, Board of Investment secretary-general Duangjai Asawachintachit said. The board did not […]
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Thailand
