The government has suspended construction of some sections of the light rapid transit (LRT) and the Jakarta-Bandung high-speed railway to ease worsening traffic on the Jakarta-Cikampek toll road, but it allows work on the elevated toll road to continue. “We will demand the postponement of [work on] the LRT and high-speed railway projects at Kilometers […]
Read MoreKUALA LUMPUR: The ringgit retreated from Monday’s gains to open lower this morning against the US dollar, as the stronger greenback curbed demand for the local unit, dealers said. At 9.00am, the ringgit stood at 4.1950/2000 versus the US dollar from 4.1870/1920 recorded at 6 pm on Monday. The market was closed yesterday for the […]
Read MoreMANILA, Philippines — The House of Representatives yesterday slashed the proposed hike in the excise tax rates of alcoholic beverages under a consolidated bill which merges House Bills 4839 and 8286. According to data acquired by reporters, the technical working group (TWG) formed by the House of Representatives Ways and Means Committee has approved the […]
Read MoreSingapore, Hong Kong and Malaysia are Asia-Pacific’s top three countries at developing, attracting and retaining highly-skilled professionals, according to a ranking published on Wednesday (Nov 21) by the International Institute for Management Development (IMD). Using data and the responses from its annual survey of 6,000 executives, IMD assessed 63 countries on areas like education, apprenticeships, workplace training, language skills, […]
Read MoreThe Hanoitimes – The country’s internet economy is projected to reach US$33 billion by 2025, at a compounded annual growth rate (CAGR) of 25% in 2015 – 2025. Vietnam’s internet economy has made a turnover of US$9 billion in gross merchandise value (GMV) in 2018 across online travel, e-commerce, online media and ride hailing, which is […]
Read MoreTax incentives have played a vital role in multinational firms investing in Asean, but their effectiveness has been reduced for high-tech companies and those that already operate in the region, according to research conducted by a lecturer at Chulalongkorn University’s economics department. Tax holidays have a significant effect in attracting multinational companies to invest, particularly in […]
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Thailand
