Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said the outbreak of a novel coronavirus around the globe has affected Indonesian tourism, with estimated losses of around US$500 million. “[According to] data from Bank Indonesia, [our] tourism has lost US$500 million in a month,” he told the press on Tuesday as quoted by antaranews.com. Luhut […]
Read MoreMANILA, Philippines — Excise taxes collected from cigarette products rose to P147.4 billion in 2019, making up more than half of the Bureau of Internal Revenue’s (BIR) “sin tax” collections during the period, the Department of Finance (DOF) said. According to data from the DOF, excise tax collection from tobacco products last year rose almost […]
Read MoreThe new cost management plan will be effective from March 1 and last for six months. Monthly salaries for the airline’s top executives, including the president, will be decreased, said THAI president Sumeth Damrongchaitham. Other related costs such as transport expenses will be cut as well. At least 40 executives will be included in the […]
Read MoreThe Hanoitimes – Vietnam welcomes US initiatives for potential cooperation in fields of energy, science, infrastructure. Vietnam has been monitoring its investment and trade relations with the US, giving priority to addressing the latter’s concern in narrowing the trade imbalance with the Southeast Asian country, according to Nguyen Van Binh, Politburo member and head of the […]
Read MoreMANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth forecast for the Philippines this year, higher than the four-year low 5.9 percent growth last year. Based on results of its annual consultation report for the Philippines for 2019, the regional think tank said that stable macroeconomic fundamentals combined with […]
Read MorePETALING JAYA: The Malaysian financial markets continue to function efficiently with ample liquidity despite recent developments in the country, said the Bank Negara financial markets committee. In a statement yesterday, the financial markets committee said the foreign exchange (FX) transaction volume remains healthy at US$14.6bil, supported by two-way flows while the US dollar (USD) to […]
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