Foreign direct investment (FDI) into Myanmar is expected to grow this year, the Myanmar Investment Commission (MIC) says. Already, FDI into Myanmar in the first three months of fiscal year 2019-20 is double what it was in the same period in the previous fiscal year, the commission said. “Currently, FDI in the country shows obvious […]
Read MoreMANILA, Philippines — Singapore-based digital bank Tonik Financial Pte. Ltd. has secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate in the Philippines. The license will enable Tonik, through its local unit Tonik Digital Bank Inc., to provide a full range of retail banking services, focused primarily on retail deposits and consumer […]
Read MoreWhile most Singapore businesses have always looked to our closest neighbour to launch their regionalisation efforts, Malaysia’s attractiveness is also becoming more apparent to companies from around the world. As part of promoting Malaysia as an investment destination, the country’s government has taken an active role in creating initiatives, including competitive investment incentives and tax policies, to attract foreign […]
Read MoreFrom selfie-obsessed tourists to massive bilateral trade and property investment, China’s presence in Thailand cannot be overlooked. The interconnectedness between the economies of Thailand and China rose more than 10 times between 1985 and 2013, with bilateral trade, investment and tourism identified as the main beneficiaries from higher interconnectedness, according to the Thailand Development Research […]
Read MoreMANILA, Philippines — Economic growth in the fourth quarter of 2019 likely accelerated between 6.3 percent and 6.4 percent as government spending recovered after budget delay, according to foreign macroeconomy research firms. In a research brief issued over the weekend, London-based Capital Economics said growth likely picked up again in the fourth quarter to 6.4 […]
Read MoreThe amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]
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