IFC, a member of the World Bank Group, has been supporting the Building Control Authority of the Yangon City Development Committee (YCDC) in efforts to reform the construction permit system and improve the ease of doing business in the city. The Yangon Building Permit System, an automated, paper-free system, went online on July 1 and […]
Read MoreA senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange services in Laos are openly flouting regulations, exacerbating the fluctuation of exchange rates, Vice President of Lao National Chamber of Commerce and Industry (LNCCI,) Ms Valy Vetsaphong said during a consultative meeting […]
Read MoreSINGAPORE has cut its official growth forecast for the second quarter running, on a flat economic performance in the first half of the year. The gross domestic product (GDP) is likely to come in between zero growth and 1 per cent for the full year, the Ministry of Trade and Industry (MTI) said early on […]
Read MoreThe Digital Economy Promotion Agency (Depa) plans to offer a 200% tax deduction for the purchase of smart devices, digital services, robotics and Internet of Things (IoT) devices by small and medium-sized enterprises (SMEs), in addition to software, starting next year. From 2017 to this year, SMEs have been entitled to tax deductions of up to […]
Read MoreMANILA, Philippines — The Philippines’ economic growth would likely remain under pressure from both external and domestic factors after a disappointing performance in the first half, according to DBS Bank of Singapore. DBS economist Maysita Crystallin said the delayed passage of the 2019 national budget has affected government infrastructure spending on the domestic side, while […]
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Thailand
