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Singapore: Businesses identify manpower and increased costs as core challenges for 2023

BUSINESSES hope Singapore Budget 2023 will support them in addressing costs (74 per cent), manpower challenges (57 per cent) and assistance in cash flow management (48 per cent), according to the Singapore Business Federation’s (SBF) latest National Business Survey 2022/2023. Other areas of support required include help with the transformation and deepening of enterprise capabilities […]

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Laos Sees 3 Percent Growth in Agriculture Sector in 2022

Laos recorded a 3 percent growth in the agriculture, fisheries, forestry, and rural development sector in 2022, in line with the Ministry of Agriculture and Forestry’s aim of accomplishing a domestic food production target of 70 percent in 2023. According to a recent report, the animal husbandry industry grew by three percent, while the fishing sector […]

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Philippines: Remittances seen growing 5% this year

MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) may expand by five percent this year, higher than the projected 3.5-percent growth last year, helping trim the country’s widening current account deficit, according to Fitch Solutions. In a report, the research arm of the Fitch Group said OFW remittances are expected to remain resilient this […]

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Thailand: Tax incentives to encourage reduction in plastic usage

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste. “The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024,” said Industry Minister Suriya Jungrungreangkit. “This measure […]

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