MANILA, Philippines — Local businessmen have opposed a proposal pushing for a further increase in alcohol and cigarette excise taxes, saying such a move may lead to even higher incidence of illicit trade. “We do not support rushing the passage of bills that will increase taxes on tobacco products at a time when rampant smuggling of […]
Read MoreUS industrial and manufacturing giant General Electric Co (GE) is stepping up its investments in manufacturing technology and digital innovation with the first “Brilliant Factory” in the CLMV (Cambodia, Laos, Myanmar and Vietnam) economies. The New York-listed multinational is known for innovative creations in various sectors, including the electric light bulb, the first US jet […]
Read MoreState-owned lender PT Bank Negara Indonesia (BNI) has announced it will stop disbursing credits for ownership of apartments in Meikarta township project, following the arrests of several people, including executives of Lippo Group, by the Corruption Eradication Commission (KPK) in a bribery case. BNI retail director Tambok PS Simanjuntak said the ceasing of the disbursement […]
Read MoreMining permits for some 1000 jade and gemstone blocks across Myanmar will expire this month, according to the Ministry of Natural Resources and Environmental Conservation (MONREC). Half the mines are located in Hpakant and Lone Khin and operated by Myanmar Imperial Jade Company, while a third are in Maw Lu- Maw Han, by Chaow Brothers […]
Read MoreTHE Philippines’ economic growth is expected to further slow and remain below government target this year due to global economic uncertainties coupled with sluggish investment prospects in the domestic front. In a January 24 report titled Philippine Economy Unlikely To Gather Steam In 2019, Fitch Solutions said expected the country’s gross domestic product (GDP) to […]
Read MoreThe Hanoitimes – Being the deal’s co-founder, Vietnam has the rights to accept or refuse a third country joining the CPTPP, while future participants could not propose too many new clauses to the deal as they must accept existing conditions. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) would give Vietnam an upper hand in negotiating trade […]
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Thailand
