The government plans to announce a revision to its tax holiday policy next week that will expand eligibility for the fiscal incentive. The revised regulation will include industries with investment value of less than Rp 100 billion. “With the expanded policy, we’ll integrate incentives for all pioneer industries,” said the Office of the Coordinating Economic Minister’s macroeconomic and finance coordination undersecretary, […]
Read MoreCountries across Asean are experiencing rapid economic growth, and the associated improvements to the standard of living are conspicuous. Increasing trade means increasing wages — and wage growth is integral to the growth of regional economies. But maintaining a strong economy is a balancing act: if wage growth is too slow, the relative purchasing power […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may no longer raise policy rates in December as inflation is expected to ease toward the end of 2019, giving it space to bring down the reserve requirement for banks, the chief economist of the Bank of the Philippine Islands (BPI) said yesterday. In a briefing, BPI lead […]
Read MoreSoutheast Asia has this month taken a groundbreaking step in developing its booming digital economy with an agreement by the Association of Southeast Asian Nations on facilitating cross-border e-commerce transactions. The idea is to ease restrictions on entrepreneurs in this fast-growing region. But the truth is that instead of assisting local tech businesses Southeast Asia […]
Read MoreKUALA LUMPUR: The inflation rate in October rose 0.6% from a year ago due to higher price for housing and food but Kuala Lumpur exceeded the national rate to increase by 1.3%. The Statistics Department said on Friday the inflation rate, as measured by the Consumer Price Index (CPI), increased in line with the forecasts […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has signalled an imminent hike in the policy interest rate, arguing that higher interest rates won’t be an impediment to economic growth and that the need for an ultra-loose monetary policy is less important. Any monetary policy tightening will be data-dependent, he said, and a degree of monetary policy easing […]
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