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Indonesia: Govt to import rice amid rising prices

Trade Minister Enggartiasto Lukita has said the government will import 500,000 tons of medium-grade rice from Thailand and Vietnam to calm the commodity’s price, which has been increasing since late 2017 as a result of a supply shortage. The rice will arrive in late January and will be of a different variety from the local IR […]

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BIBD mobile and digital banking services best in Brunei

BANK Islam Brunei Darussalam (BIBD) recently received an international recognition for its world-class technology platform that provides superlative customer experiences. World Finance – a leading financial services journal – conferred two awards to BIBD for ‘Best Mobile Banking Application’ and ‘Best Digital Bank in Brunei – 2017’ at the World Finance Digital Banking Awards 2017. […]

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Philippines: Government loses P300 billion revenue yearly from tax perks

MANILA, Philippines — Income tax holidays and other perks enjoyed by large corporations cost the government over P300 billion in foregone revenue annually, according to the Department of Finance (DOF). Citing data gathered from the Tax Incentives Management and Transparency Act (TIMTA), Finance Undersecretary Karl Kendrick Chua said the government lost P301.22 billion in revenue […]

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Thailand: BoI expects 12% rise in investment pledges

The Board of Investment (BoI) expects to receive investment proposals of 720 billion baht ($22.56 billion) this year, up 12% from 2017, it said on Friday. In 2017, foreign and domestic firms applied to invest about 642 billion baht, topping the 600 billion baht target, Board of Investment secretary-general Duangjai Asawachintachit said. The board did not […]

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