PETALING JAYA: The one-off Cukai Makmur or prosperity tax announced under Budget 2022 and episodes of political uncertainty will not significantly weaken the local currency against the US dollar. Malayan Banking Bhd head of forex research Saktiandi Supaat told StarBiz the prosperity tax could in the near term potentially have a drag on the equities market […]
Read MorePreah Sihanouk provincial deputy governor Long Dimanche is optimistic that the province will become one of Cambodia’s most important economic poles after the government allowed a Chinese company to design a master plan to develop and transform the coastal locality into a model multi-purpose special economic zone (SEZ) in the coming year. On October 17, […]
Read MoreForeign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country. Vietnam’s T&T Group, Hanwha Energy JSC, Korea Southern Power Co., Ltd. (KOSPO) and Korea Gas Corporation (KOGAS) recently received a licence to invest in the Hai Lang LNG gas power center in […]
Read MoreDespite the severe impact of Covid-19 on many sectors this year, the Thai ecconomy is expected to perform well next year, contributed by some key sectors after the country’s reopening on Nov 1. Some core sectors believe that they are still reliable income sources and even expect to see business growth next year but some […]
Read MoreMANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep interest rates on hold this week as part of the regulator’s commitment to maintain an accommodative monetary policy stance until the economy fully recovers from the impact of the pandemic. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the Monetary […]
Read MoreThe government-backed Techo Startup Center says it plans to launch a digital platform next month, providing a one-stop shop for tech entrepreneurs who want to turn their business ideas into reality. The centre, which works under the Ministry of Economy and Finance, already offers acceleration programmes for startups, with one on agricultural value chains and […]
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