The government will expand its tax incentive program to cover more business sectors as part of its efforts to attract investment. Government Regulation No. 78/2019, which has been signed by President Joko “Jokowi” Widodo and will come into effect on Dec. 13, will increase the number of sectors in which businesses are eligible to apply for the […]
Read MoreIn a last-ditch effort to boost exports in the remainder of this year and early next year, Commerce Minister Jurin Laksanawisit vows to rev up delivery of goods for which purchase contracts have been signed and to promote business matching. Mr Jurin said 35 memorandums of understanding for purchase orders worth a combined 44.72 billion […]
Read MoreMANILA, Philippines — Prices of basic goods and services rose at a faster rate in November, ending five straight months of a slowdown, fuelled by the sharp growth in the prices of alcoholic drinks and tobacco as well as oil and electricity, the Philippine Statistics Authority (PSA) said in a report yesterday. Headline inflation rose […]
Read MoreTech giants Google and Facebook are considering setting up data centers in Indonesia, Communications and Information Minister Johnny G. Plate has said. He told journalists about the matter after accompanying President Joko “Jokowi” Widodo in a meeting with delegates from the United States-ASEAN Business Council at Merdeka Palace on Thursday. “Google and Facebook already have plans to build […]
Read MoreThe Government Pension Fund (GPF) has shifted its investment strategy towards more stable returns amid the global economic slowdown and Sino-US trade spat. The pension fund for civil servants aims for an average of 4% per year in returns between 2019 and 2021, said secretary-general Vitai Ratanakorn. For the worst case scenario when comparative benchmarks […]
Read MoreBig C Supercentre Poipet, the biggest and most high-profile shopping destination in the region of Cambodia bordering Thailand, had its grand opening on Wednesday. A ribbon-cutting ceremony attended by top Cambodian government officials and Big C executives was the highlight of the ceremony, according to local media reports. Those present included Big C CEO Aswin […]
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