MANILA, Philippines — A Supreme Court (SC) ruling which increases the internal revenue allotment (IRA) share of local government units (LGUs) has been flagged by economic managers as a risk to the country’s fiscal stability. In its Fiscal Risks Statement 2020, the Development Budget Coordination Committee (DBCC) cited the SC’s decision on the Garcia and […]
Read MoreThe Council of Ministers has given a green light to a public investment programme that will see the government and its development partners spend $14.4 billion in more than 600 projects over the next three years. The amount is $9 billion higher than the last public investment programme approved by the Council of Ministers. The […]
Read MoreThe shopping landscape is about to change drastically around Suvarnabhumi airport with the addition of two new premium outlet malls, representing a challenge to the retail throne dominated by the local duty-free kingpin. Central Village, a 5-billion-baht project of Central Pattana Plc (CPN), is beset with regulatory issues raised by Airports of Thailand Plc (AoT) […]
Read MoreWHEN Evie Khusnul Khotimah logged in to her account on the online shopping app Shopee in May, a curious new payment method caught her attention. The service, called PayLater, allows buyers to purchase items first and settle payments afterwards. Intrigued by how this worked, the 24-year-old freelance writer from Indonesia gave the new scheme a […]
Read MoreInvestors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of Malaysian […]
Read MoreRIDE-HAILING firm Grab is “confident” of meeting the digital banking licence requirements that include “a path towards profitability” on a five-year projection, the unicorn told The Business Times on Thursday. The requirements, spelled out on Thursday by the Monetary Authority of Singapore (MAS), also state that a digital full bank, in taking in retail deposits, […]
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