SINGAPORE: Last year, Singaporean chemicals factory boss Erman Tan took his employees on a cruise to the Malaysian island of Penang. This year, Tan says the best he can offer is to watch a video of the trip. Singapore’s economy is expected to grow at its slowest pace in a decade this year, and some […]
Read MoreKUALA LUMPUR: It is unlikely that Malaysia’s healthy current account surplus position will be threatened in the near future, says Affin Hwang Capital Research head of research and chief economist Alan Tan. “Concerns were highlighted by certain foreign investors in Hong Kong and Singapore recently, where they said the current account surplus might be threatened. […]
Read MoreMANILA, Philippines — It only takes less than an hour for international travellers arriving in Manila to deplane, gather their luggage, clear customs and immigration, and walk to vehicles with chauffeurs — making the Philippine capital among the fastest airport terminals to exit in Asia, a new report released Wednesday found. Passengers would only need […]
Read MoreMANILA, Philippines — Several oil companies have asked the courts to stop the oil unbundling policy recently issued by the Department of Energy (DOE), which is set to take effect on June 29. Major oil player Pilipinas Shell Petroleum Corp. (PSPC) filed a petition with the Taguig Regional Trial Court (RTC), questioning the legality of […]
Read MoreThe Excise Department is conducting a study into the best ways to collect taxes from the cashed-up providers of online games, movies and music. However, the targets would probably not include e-sports, which are online games but recognised as a sport under the Sports Authority of Thailand Act 2015, and servers of online games operating overseas, […]
Read MoreMANILA, Philippines — The government generated a P2.6 billion fiscal surplus in May, a reversal of the deficit incurred last year as the growth in revenues outpaced the increase in public expenditures, according to the Bureau of the Treasury. According to the latest cash operations report of the BTr, the national government’s fiscal balance settled […]
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