DAVAO CITY, Philippines — The Department of Finance (DOF) remains hopeful the government would be able to impose new excise tax rates on alcohol and electronic cigarette products starting January 2020 following the passage of a bill in the Senate. On Monday, the Senate approved on third and final reading Senate Bill 1074, which proposes […]
Read MoreThe Ministry of Public Works and Transport has asked a Malaysian firm to consider investing in local infrastructure, a sector considered critical to advance the Kingdom’s economic growth. In a meeting last week, Minister of Transport Sun Chanthol asked representatives of Malaysia-based Rafulin Holdings Sdn Bhd to consider investments in Cambodia’s infrastructure development. Mr Chanthol […]
Read MoreThe Hanoitimes – The Vietnamese government encourages local enterprises to invest in Myanmar, which could become a major market for Vietnam in the future, said Prime Minister Nguyen Xuan Phuc. Vietnamese Prime Minister Nguyen Xuan Phuc welcomed Myanmar’s proposal to set up a Vietnamese-invested industrial park in the country, expecting government agencies from both countries to […]
Read MoreMANILA, Philippines — The country’s rice inventory decreased for the first time this year, the Philippine Statistics Authority (PSA) said. Latest data from the PSA showed that total rice inventory stood at 2.96 million metric tons, 1.3 percent lower than the three million MT recorded last year. The current inventory, however, is 30 percent higher […]
Read MoreTelecoms-related sectors contributed up to three-quarters of economic growth in countries like Myanmar, Thailand, Malaysia, Pakistan and Bangladesh, a Telenor-commissioned report by London-based consultancy Frontier Economics found. With the telecom industry growing at 6-12 percent annually, faster than the GDP growth rates of many Asian developing economies, the industry is a “prime contributor” to economic […]
Read MoreThe Hanoitimes – Phu Quoc is the only coastal economic zone that is applicable to the law. The revised Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam now allows foreign investors with investment of over VND100 billion (US$4.3 million) to reside up to 10 years in coastal economic zones, instead of five as stipulated […]
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Thailand
