MANILA, Philippines — The Asian Development bank (ADB) is targeting to lend a record $3.3 billion to the Philippines this year, with around half to be provided in support of the government’s infrastructure program. This lending pipeline will likely include priority infrastructure projects such as the South Commuter Railway, the EDSA Greenways Pedestrian Walkways and […]
Read MoreThe government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. It wants to encourage business activity in the real estate and construction sector. Meanwhile, the government also wants residential developers to consider the possibility of discounting […]
Read MoreLaos has announced that it will prohibit vehicle owners who have not paid road tax from crossing the border into other countries. According to a notice, released on February 18 by the Ministry of Finance, a road tax payment certificate must be presented when crossing the border. It is unclear when the new ruling will […]
Read MoreThe Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries. During bilateral talks on January 20-23 last year in Beijing, China, Prime Minister Hun Sen and his Chinese counterpart Li Keqiang greenlighted a feasibility study on the potential free trade agreement (FTA) which […]
Read MoreThe government is upbeat that the sweeping omnibus bill on job creation will bolster investment and open up more jobs for Indonesians, as it braces for tough public scrutiny during the bill’s deliberation at the House of Representatives. Coordinating Economic Minister Airlangga Hartarto said that the omnibus bill on job creation could help the government […]
Read MoreThe new land and building tax should have clear definitions for assets, be easy to use and convenient to pay, a legal expert suggests. Kitipong Urapeepatanapong, chairman of legal firm Baker & McKenzie and adviser to the Thai Chamber of Commerce, said the new land and building tax is good, but the problem is communicating […]
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Thailand
