MANILA, Philippines — Foreign investors -are becoming increasingly less reliant on incentives as a deciding factor in putting up their businesses in the Philippines, according to a senior official of the Department of Finance. In a statement, Finance Undersecretary and chief economist Gil Beltran debunked Philippine Economic Zone Authority (PEZA) director general Charito Plaza’s claim […]
Read MoreMyanmar is now listed among the top 20 improvers of the World Bank’s Doing Business 2020 report. The report states that Myanmar is listed among top improvers in ASEAN because of reforms to the country’s business landscape. According to the report several initiatives in particular stand out. The foremost among them is Yangon’s strengthening of […]
Read MoreBANK lending in Singapore inched 0.6 per cent higher in August from a month ago, as continued contraction in consumer loans was offset by a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar […]
Read MoreMANILA, Philippines — Albay Rep. Joey Salceda is planning to file a bill that seeks to put in place a new tax regime for the mining industry, and set up a sovereign wealth fund for development projects of future administrations. Salceda, who also chairs the House Committee on Ways and Means, said he is drafting […]
Read MoreThe idea of moving Thailand’s capital to another province has resurfaced after the country’s leader, perhaps unintentionally, told a crowd about two approaches for possible relocation. The plan echoes the recent announcement by the Indonesian government that it will move its capital from Jakarta, located on the island of Java, to the province of East […]
Read MoreRIDE-HAILING firm Grab is “confident” of meeting the digital banking licence requirements that include “a path towards profitability” on a five-year projection, the unicorn told The Business Times on Thursday. The requirements, spelled out on Thursday by the Monetary Authority of Singapore (MAS), also state that a digital full bank, in taking in retail deposits, […]
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