GOVERNMENTS with weak social systems and limited scope to raise fiscal spending amid the Covid-19 pandemic could face challenges in tackling income inequality, with Indonesia, Malaysia and the Philippines out in this regard, a report by Moody’s Investors Service said on Tuesday. Although economic growth in the Asia Pacific region has outpaced that in other regions […]
Read MoreMANILA, Philippines — The shock from the coronavirus pandemic may spur income inequality with credit risks for fiscally weak countries like the Philippines, according to Moody’s Investors Service. In a report, Moody’s said governments with constrained fiscal capacity would have limited scope to address pandemic-related social and political strains that could amplify credit risks. Moody’s […]
Read MoreThe Royal Group of Companies Ltd, a leading local conglomerate, will invest in the construction of a 100sq km special economic zone (SEZ) in Koh Kong province’s Botum Sakor National Park. This is an apparent bid to capitalise on the ongoing inflow of investment to the coastal province bordering Thailand. The details of the project […]
Read MoreThe Hanoitimes – More transactions are expected to happen in the near future if market transparency improved and flexibility from investors becomes stronger. Real estate businesses continue the traditional channel of the capital market through merger and acquisition (M&A) activities depite slowdown in the first three quarters this year, said real estate and investment management firm […]
Read MoreIndonesia has collected Rp 297 billion (US$20.9 million) from 22 digital technology companies under the new digital tax, the Finance Ministry’s Taxation Directorate General said Monday. The tax office has appointed dozens of technology companies and e-commerce platforms to be value-added tax (VAT) collectors in its efforts to tax digital business activity in the country. […]
Read MoreKUALA LUMPUR: Faced with inadequate retirement savings and longer life expectancy, Malaysians will eventually have to work longer beyond the current retirement age of 60, according to the World Bank and the minister in charge of economic affairs. The World Bank has called for the country’s minimum retirement age to be increased to 65, albeit […]
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