JAKARTA: Indonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on Friday. The tax break, which had expired in August, will now be available till the end of the year, the ministry said in a statement. Japanese brands such as […]
Read MoreThailand’s direct sales industry is expected to contract by 1-2% this year as consumer purchasing power remains weak due to the spread of Covid-19. Kittawat Ritteerawee, president of the Thai Direct Selling Association (TDSA), said domestic household debt is the highest in 18 years and economic uncertainty is causing consumers to be cautious with their […]
Read MoreThe Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow by 3, 7 – 4.5 percent and 5.2 percent in 2022. Jakarta (VNA) – The Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow […]
Read MoreGlobal Green Growth Institute (GGGI) Cambodia, part of an international organisation, based in Seoul, South Korea that aims to support green city planning, is currently busy with recycling and energy recovery projects in Battambang province. There are also plans to create a mechanical and biological treatment facility in Phnom Penh. Jerome Fakhry, senior regional officer […]
Read MoreMANILA, Philippines — The World Bank Group would cease publication of its “Ease of Doing Business” report — past results of which were protested by the Philippines twice — after a former official was found to have ordered staff to manipulate data to please China. In a statement on Friday, the Washington-based multilateral lender said it […]
Read MoreKUALA LUMPUR, Sept 17 ― The ringgit extended its losses against the US dollar at the opening today, as emerging market currencies continued to be hit by the strengthening greenback following the strong economic data from the world’s largest economy. At 9.02am, the ringgit declined 160 basis points (bps) to 4.1730/1780 from 4.1570/1590 at Wednesday’s […]
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