Singapore offers a small ray of light in a faltering global economy. The country that’s so intimately tied to the rhythms of global commerce dodged a recession in the third quarter, figures showed yesterday. Singapore simultaneously eased monetary policy, the first such step since 2016, as anticipated. That it did so cautiously suggests at least […]
Read MoreSINGAPORE: Singapore’s central bank eased its monetary policy for the first time in three years on Monday, as widely expected. In a statement, the Monetary Authority of Singapore (MAS) said it would lower slightly the slope of the Singapore dollar’s policy band, while the width and centre of the band would not be changed. The MAS […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has ordered the Bureau of Internal Revenue (BIR) to expedite its audit of almost 30,000 cooperatives to weed out those that abuse the tax incentives. Based on a report to the DOF, the BIR has sent audit notices to 474 cooperatives across the country resulting in tax […]
Read MoreWe believe the Bank of Thailand (BoT) will take a cautious approach to further monetary easing over the coming quarters. We have maintained our forecast for the key policy rate to be kept on hold at 1.50% through 2019, but now forecast a further cut in 2020 to 1.25%. The key reason for the cautious […]
Read MoreIn order to accelerate poverty reduction and to address the growing economic inequality between the rich and the poor, the government, over the last few years has prioritized undertaking a comprehensive tax reform program. The first package of the program which was known as Tax Reform for Acceleration and Inclusion (TRAIN) Law or Republic Act […]
Read MoreMANILA, Philippines — AC Energy Inc., the power platform of the Ayala Group, is expanding into Myanmar—its fourth overseas market— following the deal it signed with Singapore-based Yoma Strategic Holdings Ltd. to jointly work on around 200 megawatts (MW) of renewable energy projects. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said […]
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