PUTRAJAYA: A proposed stimulus package to boost the local economy will be announced at the end of this month or in early March to cushion the impact of the novel coronavirus outbreak, said Finance Minister Lim Guan Eng. He said the Finance Ministry held a three-hour meeting on Monday with local industry players to gather […]
Read MoreSINGAPORE’S tourism-linked sectors are in for a rough ride – visitor arrivals may fall by 25 to 30 per cent this year due to the novel coronavirus outbreak. The decline will come after four straight years of growth in arrivals and receipts, said the Singapore Tourism Board (STB) at its annual year-in-review on Tuesday. While […]
Read MoreLatest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. For imports, Cambodia spent around US$7.1 billion for Thailand’s products, a decrease of 6 percent compared to 2018. Seang Thay, Spokesperson at […]
Read MoreSINGAPORE – The Singapore Tourism Board (STB) is projecting a 25 to 30 per cent drop in visitor arrivals this year, as the deadly coronavirus that has killed more than 1,000 and infected more than 42,000 worldwide continues its global spread. This estimation is steeper than the 19 per cent decline in 2003, when Singapore endured the […]
Read MoreBecause of the increasing demand for power consumption and a rise in development activies, power supply in the Kingdom has increased sharply, according to a report by the Ministry of Mines and Energy. The report states that the power supply generated has increased from 2,635 megawatts (mW) in 2018 to 3,382 mW in 2019, a […]
Read MoreThe cabinet on Tuesday approved additional tax measures to boost private investment in 10 special economic zones (SEZs) and the flagship Eastern Economic Corridor (EEC). Government spokeswoman Naruemon Pinyosinwat said one of the two measures is a reinstated corporate income tax of 10%, down from 20%. The previous 10% rate expired in December 2017. The 10-year […]
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