MANILA, Philippines — The country’s top distilleries has warned lawmakers that imposing too much tax increases may dampen demand for alcoholic products, which may result in lower revenues and tax yield for the government. In a position paper submitted to the Senate ways and means committee, Distilled Spirits Association of the Philippines (DSAP) president Olivia Limpe-Aw […]
Read MoreSINGAPORE emerged the global top scorer in retirement finances this year, although it performed poorly for retirees’ quality of life and material wellbeing, according to an annual retirement security index. In the overall ranking, the city-state remained at 28th place out of 44 countries surveyed in the latest edition of the Global Retirement Index (GRI) for […]
Read MoreSOUTH-EAST Asia is more vulnerable to an economic downturn than it was during the global financial crisis one decade ago, according to analysts at global management consultancy Bain & Co. Greater exposure to a slowing China – and other structural economic shifts – have left most Asean markets in a more perilous position than before, […]
Read MoreMyanmar will take strict action against illegal trade with the aim of substantially reducing the volume of fake or illegal products entering the market, said U Soe Win, Minister of Planning and Finance. “Illicit trade can be reduced only if there are strict regulations against it,” he said at the Anti-Illicit Trade Forum held in […]
Read More(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, […]
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