The Ministry of Planning and Investment has proposed the Government turn down the HCMC government’s proposal to impose a higher property tax on people who own a second home. It reasoned that the proposal still had inadequacies as owners of several small houses or plots of land would have to pay heavy tax while owners […]
Read MoreSINGAPORE’S retail sales dipped 0.8 per cent on the year in January, mainly on lower motor vehicle sales that corresponded with the lower Certificate of Entitlement quota, Department of Statistics (Singstat) data showed on Friday (Mar 3). This marked a reversal from December 2022’s 7.7 per cent growth. If not for motor vehicle sales, retail […]
Read MoreAt least five investment projects on vehicle assembly have been approved and the constructions are set to be completed soon in Cambodia. With this, the number of vehicle assembly factories in Cambodia will go up to nine, three of which are already operational, said Soeun Dara, executive director of the Cambodia Automotive Industry Federation. The […]
Read MoreMANILA, Philippines — Growth in factory gate prices eased at the beginning of the year as most industry divisions registered slower increases, the Philippine Statistics Authority (PSA) said. Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 4.2-percent growth in January, slower than the 5.1-percent increase in […]
Read MorePETALING JAYA: Corporate Malaysia delivered a set of mixed results in the fourth quarter of 2022 (4Q22), as the momentum of post-pandemic rebound began to dissipate. On the bright side, however, the 4Q22 earnings season had a positive undertone as there were lower earnings disappointments on a quarter-on-quarter (q-o-q) basis. In particular, sectors such as […]
Read MoreThai exports are expected to contract in the first quarter, but they are likely to start recovering from the second quarter, according to the Commerce Ministry. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said yesterday that the country’s exports in the first quarter of this year are still expected to be negative, partly […]
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