(AFP) – Indonesia’s central bank slashed interest rates yesterday for the third month in a row as Southeast Asia’s biggest economy feels the sting of the US-China trade war and tepid global growth. Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.25 percent, prompting speculation that more cuts could be […]
Read MoreOf the 20 major economies worldwide, Asian countries are among the least prepared to combat the threats of societal ageing and workplace automation. This is according to a new study from Mercer and Marsh & McLennan Insights, released on Wednesday. While Singapore ranked the highest out of the four Asian nations included in the index, […]
Read MoreParliament on Thursday approved the 2019 Union Tax Law, under which the tax rate for unassessed income is now as low as 3 percent. The motion was approved after the majority of MPs voted in favour of the new tax rates, which will take effect in the new fiscal year beginning October 1. Out of […]
Read MoreCustoms-cleared exports dropped 4% in August from a year earlier, after unexpectedly rising in the previous month, the commerce ministry said on Friday. The decline in August was bigger than a Reuters poll forecast of a 2% fall in shipments, the main driver of Thai growth, and compared with an increase of 4.28% in July. […]
Read MoreMERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data. For the period, M&A activity targeting Singapore stood at US$32.0 billion due to an 89.9 per cent increase in deal value […]
Read MoreCentara Hotels and Resorts has joined forces with KMA Group in a bid to expand into Myanmar’s growing tourism market. Centara yesterday signed a 10-year agreement with KMA, one of Myanmar’s largest conglomerates, to operate Centara KMA Resort Inle Lake. Centara Hotels and Resorts has 75 hotel properties and aims to operate 134 in total […]
Read More
Thailand
