JAKARTA: Indonesia just made it cheaper for buyers to own an expensive house by raising the luxury tax threshold limit. The luxury levy of 20% on bungalows or high-rise condos will now apply only to properties valued at 30 billion rupiah (US$2.1mil) or more, according to a Finance Ministry notification. The levy previously applied to […]
Read MoreThailand’s ranking in cybersecurity readiness fell to 35th in 2017-18 from 20th in 2016 as other countries made better cybersecurity improvements. “The slip in ranking is not due to poorer cybersecurity competency in Thailand, as its overall score improved, it’s just that other countries have done better,” said Surangkana Wayuparb, president and chief executive of […]
Read MoreA recent Vietnamese delegation to Nay Pyi Taw led by the country’s Deputy Prime Minister Mr. Vuong Dinh Hue is hoping to boost investment and trade ties with Myanmar. The delegation, which was in the Union capital on June 16 and June 17 to promote economic cooperation between the two countries, was met by Vice […]
Read MorePETALING JAYA: Following a meeting with the Domestic Trade and Consumer Affairs Ministry, industry players have agreed to not increase cement prices. Minister Datuk Seri Saifuddin Nasution Ismail told reporters that the decision was reached following a meeting between the minister and key industry players on Tuesday. “They stated several grounds to justify an increase […]
Read MoreCLARK, Pampanga, Philippines — The government may have to adjust its borrowings in the next three years to take advantage of low interest rates, which the country may not be able to enjoy anymore with its promotion to upper middle-income economic status, according to the National Economic and Development Authority (NEDA). In a press briefing […]
Read MoreIndustry experts yesterday discussed the role of automatisation in the garment and textiles industry as the sector braces itself for the changes that will inevitably come as a result of the Fourth Industrial Revolution. For in depth analysis of Cambodian Business, visit Capital Cambodia Speaking at ‘Digital Future Talk: Industry 4.0 Focus Garment’, an event held […]
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