Batam Indonesia Free Trade Zone Authority (BIFZA or BP Batam) says it is ready to be the guarantor for foreigners who want to buy property on the island to compete with the property market in Johor Bahru in Malaysia and Singapore. BIFZA head Lukita Dinarsyah Tuwo said he had submitted the proposal to the Law and Human Rights Ministry to allow his office to […]
Read MoreThe Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]
Read MorePETALING JAYA: Systemic reforms will require time to implement and some parts of the economy may be in for a rough ride but with strong fiscal management and institutional reforms, Malaysia will continue to be on a stronger and more sustainable growth path, Finance Minister Lim Guan Eng says. Lim said the government is committed to […]
Read MoreMANILA, Philippines — The possibility of not extending the grant of incentives given to Tourism Enterprise Zones (TEZ) is seen to put a dent in the competitiveness of the country’s tourism sector. “For us, it’s similar from what we see in the office (sector) from the PEZA (Philippine Economic Zone Authority) locators. That will definitely […]
Read MoreThe Indonesian government is going on a streak to weather down external shocks affecting the country’s economic performance. After Bank Indonesia raised its seven-day repo rate by another 25 basis points to six percent on Thursday, the government announced on Friday that it had launched the 16th economic package aimed at relaxing regulations pertaining to investment. […]
Read MoreSoutheast Asia’s centennials prefer to research products and shop online, while still choosing to pay with cash on delivery, a recent survey has found. Global communications network Dentsu Aegis Network, in collaboration research agency Econsultancy, launched at the end of October a survey titled “Here Comes the Centennial: Southeast Asia’s New Generation of Shoppers”, which […]
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