[JAKARTA] Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. The key to the EV industry was in the construction of batteries, and the “raw materials to make a battery: cobalt, manganese and others, we […]
Read MoreSINGAPORE will take the upcoming slowdown in its stride, Prime Minister Lee Hsien Loong said in his annual National Day Message on Thursday night. Notwithstanding slowing economic growth, weaker global demand and trade, and the worldwide electronics down-cycle, other parts of the economy are doing well, he said. “We have experienced such slowdowns before, and […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) surprisingly cut its policy rate from 1.75% to 1.50% by a vote of 5-2 on Wednesday. The move was unexpected because the MPC did not signal the need for easing in the statement that followed its previous meeting, something it would normally do. In the previous meeting, […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) in June expanded by 3.9% on-year, slightly higher than a Bloomberg survey of a 3.8% growth. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the growth in June 2019 was driven by the increase in all indices with mining expanding by 4.6%, manufacturing (3.8%) and […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) yesterday pushed anew for a longer transition period and the payment of higher tax on gross income earned (GIE) of eight percent under the proposed second package of the government’s tax reform, as it maintained incentives given to investors provide benefits in terms of jobs, greater domestic […]
Read MoreThe Department of Land Transport announced a plan to roll out a QR-code-based complaint filing system for taxis to improve passenger service standards, one day after it approved the proposal to raise taxi fares. “When the digital licencing system is completely rolled out, taxi and motorcycle taxi drivers will be required to carry a QR […]
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