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Indonesia: Government to increase airport tax: Minister

The government plans to increase fees for airplane passenger services, widely known as airport taxes, Transportation Minister Budi Karya Sumadi said in Jakarta on Monday. He said the airport tax increase would be implemented particularly at airports under the management of state-owned airport operator PT Angkasa Pura II (AP II). “We are discussing the airport tax increase. […]

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Facebook, IMDA’s startup accelerator to kick off in February 2019 in Singapore

FACEBOOK on Tuesday unveiled Startup Station, Singapore, a startup accelerator programme for data-driven startups based in South-east Asia. The programme is created in partnership with the Infocomm Media Development Authority (IMDA), and is set to kick off in February 2019. It will empower startups to accelerate their businesses in “new and cutting-edge ways”, while continuing to “keep people’s trust, transparency […]

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Philippines: BSP raises rediscount rates anew

MANILA, Philippines — The Bangko Sentral ng Pilipinas lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households. In a statement, the BSP said it raised the rediscount rates for loans under the peso rediscount facility to 5.0625 percent from 4.5625 percent for loans with […]

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Thailand: Nexus predicts office surge

The office market is likely to face fierce competition in the next 3-4 years as the supply of Grade A office spaces increases by 30% from 1.175 million in the central business district (CBD), says Nexus Real Estate Advisory.  The consultancy recommends landlords conduct maintenance to keep their buildings looking new for better rental rates.  “Over […]

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Trade war will not have immediate impact on Asean

KUALA LUMPUR: The rising tension between the US and China will not have an immediate impact on Asean’s economic growth as a majority of the countries in the grouping have a domestic demand-driven economy and are backed by sound economic and policy fundamentals. S&P Global Ratings Economist Vincent Conti said the movement of emerging currencies […]

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