MANILA (AFP) – The Asian Development Bank (ADB) warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. A shortage of doses, which has hampered efforts to inoculate the vast region stretching from the Cook Islands in the […]
Read MoreKUALA LUMPUR (Sept 22): The government is contemplating and studying the implementation of a one-off higher tax rate to be imposed on companies that have generated extraordinary profits during the Covid-19 pandemic. Deputy Finance Minister II Yamani Hafez Musa, who was speaking in Parliament today, added that Putrajaya is also studying the implementation of a […]
Read MoreThe reopening plan for five provinces might be delayed by a month to Nov 1 as each province’s vaccination rate still falls short of 70% coverage, leading Chiang Mai to put its faith in the domestic market instead. Thanet Phetsuwan, deputy director for communications and marketing at the Tourism Authority of Thailand (TAT), said the […]
Read MoreMANILA, Philippines — The yield for the P35-billion reissued Treasury bonds went up in yesterday’s auction as investors demanded higher rates due to risks posed by the anticipated inflationary spike for the rest of the year. The Bureau of the Treasury awarded in full the programmed P35 billion in reissued seven-year T-bonds with a remaining […]
Read MoreKUALA LUMPUR, Sept 22 — Malaysia remains competitive in attracting investments into the country, despite the challenging Covid-19 pandemic situation. Senior Minister cum International Trade and Industry Minister, Datuk Seri Mohamed Azmin Ali said Malaysia’s strategic position, conducive business environment and ecosystem, as well as strategic investment-related initiatives are expected to continue to make Malaysia […]
Read MoreA $54 million Cambodia Sustainable Landscape and Eco-tourism Project (CSLEP) will be the World Bank’s largest tourism investment in Cambodia. It will take five years to carry out and will involve seven provinces including the Cardamom Mountains, Southeast Asia’s largest intact rainforest, the Tonle Sap Lake’s flooded forests and Phnom Kulen in Siem Reap. This […]
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