[MANILA] Philippines President Rodrigo Duterte approved a law allowing foreign investment in more business sectors, his office said on Friday (Mar 4), in a bid to boost jobs and growth in the South-east Asian economy. The law, which amends a three-decade old foreign investment rule, allows for the first time international players to set up […]
Read MoreThailand’s headline consumer price index (CPI) jumped more than expected by 5.28% in February from a year earlier, driven by higher energy prices, the Commerce Ministry said on Friday. That compared with a forecast for a rise of 4.05% in a Reuters poll and followed January’s 3.23% increase. The core CPI index was up 1.80% […]
Read MoreSINGAPORE – Retail sales in Singapore expanded at a faster pace in January compared with the previous month, bolstered by spending ahead of the Chinese New Year (CNY) festive period. Takings at the till rose 11.8 per cent in January from the same month last year, a jump from the 6.7 per cent increase last […]
Read MoreKUALA LUMPUR, March 4 ― The ringgit opened lower against the US dollar today as the greenback’s buying interest recovered, backed by the lower US weekly initial jobless claims data, an analysts said. At 9am, the local note was trading at 4.1900/1920 versus the greenback compared with 4.1870/1890 at yesterday’s close. According to reports, the […]
Read MoreTax facilities and COVID-19 The Minister of Finance (MoF) has issued regulation No. 226/PMK.03/2021 (PMK-226) dated December 31 2021 regarding the tax facilities for goods and services required in the handling of the COVID-19 pandemic and the extension of income tax facilities. This is based on government regulation No. 29 of 2020 regarding income tax […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged 31.4% and 28.1%, respectively, in 2021, mainly attributed to higher demand. The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$76.3 billion in 2021, the highest in six years. Outbound […]
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