PWC Singapore has suggested a new tax exemption scheme for early-stage venture capital (VC) investment with a lower assets under management of about S$10 million to entice more VCs to bring overseas funds to invest in Singapore technology startups. In its Budget 2019 proposal published on Tuesday, the audit and consulting firm said the current tax incentive […]
Read MorePHNOM PENH, Cambodia (AP) – Cambodia’s largest hydropower project officially began producing electricity yesterday as the country tries to increase its energy capacity to reduce energy imports and help jump-start industrial expansion. Cambodian Prime Minister Hun Sen inaugurated the 400-megawatt Lower Sesan II hydropower dam in the northeastern province of Stung Treng. The project, constructed […]
Read MoreLuang Prabang: The foreign ministers of the six Mekong countries met here yesterday to deepen cooperation and discuss the latest developments and implementation of previous meeting outcomes at the 4th Mekong-Lancang Cooperation (MLC) Foreign Ministers’ Meeting. The meeting was co-chaired by the Lao and Chinese foreign ministers. Participants exchanged views on future activities under Mekong-Lancang Cooperation, […]
Read MoreTHE OMBUDSMAN is urging the Prime Minister Prayut Chan-o-Cha and the Cabinet to get involved in a dispute at Suvarnabhumi Airport to ensure consumers can pick up their duty-free goods at pickup counters in commercial areas there. The Ombudsman-General, General Viddhavat Rajatanun, is concerned that Airports of Thailand (AOT) has failed to carry out his […]
Read MoreA government policy to impose higher import tariffs on 1,147 consumer goods has been unable to significantly discourage importers, with imports decreasing by less than 10 percent since the rule was implemented in October. “From January to September, the [monthly] value of imports was US$31.1 million. It only decreased to $28.1 million [after the policy […]
Read MoreNON-OIL domestic exports (NODX) in November slipped 2.6 per cent from a high base a year ago – a surprise drop which underscores the market’s cautious outlook for trade in the months ahead. The drop, which came after October’s 8.2 per cent jump, was the first year-on-year monthly decline since March 2018, notes OCBC Bank’s Treasury Research […]
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