The government issued a regulation late last year to make more investors eligible for tax holidays, but applicants are unable to avail themselves of the incentive as the online single submission (OSS) system is not ready to accommodate their request. The Investment Coordinating Board’s (BKPM) official for investment services, Husen Maulana, said a number of […]
Read MoreTIGHTENING vacancies have driven up Singapore prime office rents in 2018. This saw average CBD (central business district) Grade A office rent rising by 2.4 per cent to S$9.43 per square foot per month (psf pm) from Q3 to Q4 2018, bringing the full year rental growth to 14.9 per cent, Colliers International’s data showed. […]
Read MoreThe Thai Retailers Association (TRA) predicts flat consumer spending in the first half, despite bullish consumer sentiment from the planned general election and the value-added tax refund for Chinese New Year shopping. Worawoot Ounjai, TRA’s president, said the retail industry recorded slower growth during the first two months this year. Mr Worawoot said retail recovered in […]
Read MoreEnergy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the government’s decision to lower fuel prices is part of the implementation of a new fuel price formula that has been effective since Feb. 1. He gave an assurance that the formula stated in Energy and Natural Resources Ministerial Decree No […]
Read MoreThe latest regulation by the Central Bank of Myanmar (CBM) permitting foreign institutions to invest up to 35 percent in local banks has been well-received by the banking and financial industry. However, experts have flagged the need for further clarity in its provisions. U Than Lwin, senior advisor to KBZ Bank, said the CBM should […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed to a three-month low in December, after exports stayed weak while import growth slowed sharply during the month, the country’s statistics agency reported Tuesday. Trade deficit in December stood at $3.75 billion, slimmer than $3.97 billion gap posted a year ago and $3.90 billion shortfall registered in November. […]
Read More
Thailand
