HIGH LOGISTICS costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in Laos are as high as double those of other Asean countries, according to the Japan External Trade Organisation. A study conducted by a Jetro survey […]
Read MoreMANILA, Philippines – The national government’s fiscal balance swung back to a deficit last February as revenue generation failed to offset spending during the period, data from the Bureau of the Treasury (BTr) showed. In its latest cash operation report, the BTr said the national government incurred a fiscal deficit of P23.7 billion in February, […]
Read MoreThe state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said yesterday. Sihanoukville Autonomous Port (SAP) will float a total of […]
Read MoreThe Thai economy is expected to expand by 3.5% based on an export recovery and domestic public spending this year, with momentum set to continue next year, raising growth to 3.6%, says the Asian Development Bank (ADB). “A sustained recovery in major economies, robust domestic consumption and the continued implementation of large public infrastructure projects […]
Read MoreJAKARTA (REUTERS, BLOOMBERG) – The current policy stance of Indonesia’s central bank is tilted toward neutral, a senior official said after Bank Indonesia (BI) decided to keep its key policy rates unchanged on Thursday. Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 per cent. The bank lowered rates six […]
Read MoreWeeks after Indonesia reported netting more than US$10 billion from a tax amnesty, the Philippine government said it’s mulling a similar move. Implementing it may not be that easy. In Indonesia, the amnesty gave individuals a reprieve from prosecution if they came clean on unreported income or hidden assets abroad. The Philippines is considering a […]
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