LONDON: Britain’s biggest retailer Tesco, which is reviewing its operations in Malaysia and Thailand, has completed its exit from China with the 275 million pound (US$357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH). Having struggled to crack the Chinese market, Tesco established the Gain Land venture with CRH […]
Read MoreThe Hanoitimes – If Vietnam continues to contain the Covid-19 epidemic at its current level or better, the country will improve further its already-impressive FDI attraction. Vietnam is having opportunities to lure more foreign investment as it is predicted there would be a larger shift in investment from China to other countries, especially after the Covid-19 […]
Read MoreMANILA, Philippines — The Asian Development bank (ADB) is targeting to lend a record $3.3 billion to the Philippines this year, with around half to be provided in support of the government’s infrastructure program. This lending pipeline will likely include priority infrastructure projects such as the South Commuter Railway, the EDSA Greenways Pedestrian Walkways and […]
Read MoreThe government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. It wants to encourage business activity in the real estate and construction sector. Meanwhile, the government also wants residential developers to consider the possibility of discounting […]
Read MoreLaos has announced that it will prohibit vehicle owners who have not paid road tax from crossing the border into other countries. According to a notice, released on February 18 by the Ministry of Finance, a road tax payment certificate must be presented when crossing the border. It is unclear when the new ruling will […]
Read MoreThe Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries. During bilateral talks on January 20-23 last year in Beijing, China, Prime Minister Hun Sen and his Chinese counterpart Li Keqiang greenlighted a feasibility study on the potential free trade agreement (FTA) which […]
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Thailand
