The Ministry of Digital Economy and Society (DES) has urged related agencies to consider a waiver of capital gains tax for venture capital (VC) funds investing in local tech startups, as another drive for startup investment in the country. The move is also a part of the strategies to build a digital business ecosystem as […]
Read MoreSINGAPORE(THE BUSINESS TIMES) – In line with the economy’s broad recovery, rents and prices of industrial space in Singapore rose for the fourth straight quarter, while delays in completion persisted. Occupancy in the July-September period was flat over the previous quarter at 90.1 per cent, although it improved by a mild 0.5 percentage point on a […]
Read MoreState-run financial institutions stand ready to provide liquidity to around 175,000 business operators in the Eastern Economic Corridor (EEC) to help them deal with the impact of the ongoing Covid-19 pandemic. The move is in line with the policy of Finance Minister Arkhom Termpittayapaisith that the state-run banks join forces to support the EEC, which […]
Read MoreKUALA LUMPUR, Oct 28 ― The ringgit continued to depreciate against the US dollar at the opening on Thursday, with investors waiting on the sidelines ahead of the Budget 2022 tabling tomorrow, said a dealer. At 9.05am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday’s close. The dealer said ringgit had been experiencing technical correction due to its […]
Read MoreThe baht opened at 33.30 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.20 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that foreign investors might sell Thai stocks due to the Asian market which would […]
Read MoreSINGAPORE – After suffering fits and starts for most of 2021, the Singapore economy is now set to grow at a faster than usual pace, with economic output already returning to its pre-pandemic level in the third quarter, the central bank said on Thursday (Oct 28). With the resurgence of Covid-19 a lingering threat, the […]
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