The Excise Department has put on hold a process to consider levies on salty food and non-alcoholic beer until the Covid-19 epidemic is under control, its chief says. Given that containing the deadly virus outbreak is the top priority of the Public Health Ministry, which plays a vital role in mulling both excise taxes, such […]
Read MoreCoordinating Economic Minister Airlangga Hartarto has said that foreign investment rules – namely the priority investment list – may be issued by the government before the sweeping omnibus bills on job creation and taxation pass into law. Airlangga said the priority list would allow certain business sectors to get fiscal incentives such as tax holidays and super […]
Read MoreSINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than anticipated, a scenario that economists say could set the stage for further monetary easing. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) […]
Read MorePETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy. Analysing the possibility of Bank Negara cutting the overnight policy rate (OPR) by another 25bps to […]
Read MoreElectricity generation will not be sufficient to supply all areas in Laos during times of peak consumption from March to June, according to authorities, who are urging the public to cut energy usage during this period. The Ministry of Energy and Mines has announced that less power can be generated while reservoirs are only half […]
Read MoreSingaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia. The company said in a news release that KrisEnergy Vietnam has entered into a farm-out-agreement with a major oil and gas company for the transfer of its 100 percent […]
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Thailand
