Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund. The government got the ball rolling last week with a pledge to inject up to US$5.3 billion in initial capital between now and the end of the year. Some of the priority […]
Read MoreDomestic car manufacturers are racing to increase purchase orders for semiconductors to avoid cutting their production capacity as a result of a global shortage of chips for cars. Representing the control centre of modern cars and electrical appliances, these semiconductors are now in short supply, intensifying the competition to obtain them. The global chip shortage […]
Read MoreCBRE Cambodia research indicates that 2020 saw occupancy rates fall to 76.5 percent, the Kingdom’s lowest level since 2016. The drop was almost 8 percent year on year, with rents falling back in most sectors. Two factors contributed to an increased gap between supply and demand in the Phnom Penh office market. First, there was […]
Read MorePETALING JAYA: The statutory reserve requirement (SRR) ratio will unlikely see any cut this year amid the economy showing signs of sluggishness over the next couple of months underpinned by ample liquidity in the banking system. SRR is non-interest bearing balances that commercial banks are required to keep with the central bank. It is also […]
Read MoreMANILA, Philippines — The National Tax Research Center (NTRC) is calling for the review of the Local Government Code (LGC) of 1991 with the goal of expanding the coverage of local amusement tax to capture revenues from entertainment businesses. In a recent study, the NTRC noted that while data is still incomplete for 2020, collection […]
Read MoreVietnam’s stock market recorded a weekly gain despite a decline of the market benchmark in the last session. Analysts from securities firms expected the market to continue its rally but recommended investors be more cautious and prioritise risk management at this moment. The VN-Index rose nearly 41 per cent on big stocks’ appeal on the first trading […]
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