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Philippines: Greater private sector participation in infrastructure urged

MANILA, Philippines — With public funds not enough to meet infrastructure needs, European businesses are calling on governments in Southeast Asia to create a favorable environment to encourage greater private sector participation in projects. In a report titled “Bridging the Gap: Funding of Sustainable Infrastructure in ASEAN (Association of Southeast Asian Nations),” the European Union […]

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Thailand: Foreign investors eager to return

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is encouraging the government to allow foreign investors to enter Thailand as part of efforts to cope with the sluggish economy. It is preparing to propose measures to screen business travellers to Prime Minister Prayut Chan-o-cha, who chairs the Centre for Covid-19 Situation Administration (CCSA), […]

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Japan to let in 250 foreigners per day

TOKYO: Japan plans to ease its coronavirus travel restrictions by letting in up to around 250 foreign travelers per day from Australia, New Zealand, Thailand and Vietnam, government sources said. The quota, which Japan aims to introduce this summer, will initially apply to businesspeople such as executives and engineers, the sources said, adding that the […]

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Philippines: Renovation of tourism enterprises gets tax perks

MANILA, Philippines — The government will grant tax incentives to various tourism enterprises for the renovation or modernization of their facilities in line with upgrading health and safety protocols, the chief of the Department of Tourism (DOT) said. “The Board of Investments (BOI) has approved tax incentives that can be given to tourism enterprises that […]

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