JAKARTA: Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year. The Indonesia Investment Authority (INA) aims to attract foreign funds as co-investors, unlike other sovereign wealth funds set up by more developed […]
Read MoreMANILA, Philippines — Taxes collected by the Bureau of Internal Revenue (BIR) from the offshore gaming industry rose to P7.18 billion in 2020 despite the suspension of operations last year due to community lockdowns. In a statement, the BIR said collections from Philippine offshore gaming operators (POGOs) increased to P7.18 billion in 2020 from only […]
Read MoreLabour Minister Suchart Chomklin expects about 500,000 illegal migrant workers will be registered by the middle of next month. The minister said on Tuesday that registration started on Jan 15, and since then 190,000 illegal migrants had applied. The special registration period for illegal Cambodian, Lao and Myanmar migrants is set to continue until Feb 13. […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has issued guidelines for virtual asset service providers as the deadline for the country to strengthen its anti-money laundering and terrorism financing imposed by Paris-based Financial Action Task Force (FATF) looms. The Monetary Board approved the changes to the regulations on virtual currency exchanges (VCEs) issued […]
Read MoreThe ongoing COVID-19 pandemic presents both challenges and opportunities to medical consultancies and air ambulance businesses in Cambodia and other parts of Southeast Asia. The Kingdom is home to many foreign-headquartered firms such as Medical Air Service and Global Air Rescue, in addition to a few home-grown companies that offer medical consultancy and air ambulance […]
Read MoreThai banks’ financial resilience will be tested this year as debt moratoriums gradually expire, with asset quality and the non-performing loan (NPL) ratio poised to deteriorate, says S&P Global Ratings. Relief measures have blunted the impact of Covid-19 on local financial institutions, but 2021 is a year where loan moratoriums are set to progressively expire, […]
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Thailand
