MANILA, Philippines — Philippine transport regulators have approved an across-the-board increase in bus fares, adding to budget woes of Filipinos who are in retreat as rising prices squeeze households. The Land Transportation Franchising and Regulatory Board, or LTFRB, granted Thursday morning a provisional P1 hike in bus fares for the first five kilometres. Bus commuters […]
Read MoreMINOR International (MINT) has entered into a joint venture agreement with Vietnam Investments Group (VI Group) to operate as the master franchisee of The Coffee Club brand in Vietnam. Under the partnership, the joint venture’s initial plan is to open 100 outlets of The Coffee Club over the next five years. Minor International did not […]
Read MoreThe government plans to exempt visitors from visa-on-arrival fees during November and December as it strives to salvage falling tourist numbers, especially from China. The initiative floated by Deputy Prime Minister Somkid Jatusripitak aims to reassure Chinese tourists, whose numbers have declined since the Phuket boat tragedy in July. Yuthasak Supasorn, governor of the Tourism […]
Read MoreKUALA LUMPUR: Tech experts hope Budget 2019 will include initiatives that will accelerate the fourth industrial revolution by developing and regulating the tech industry, as well as promoting digital technology in Malaysia. The market is abuzz with talk that a digital tax will be introduced in Budget 2019. This will result in Malaysia being the […]
Read MoreIndonesia’s economic competitiveness has stepped up, according to the recently released Global Competitiveness Report by the World Economic Forum (WEF). Under the newly introduced Global Competitiveness Index 4.0, Indonesia has a score of 64.9 points and is ranked at 45th, up two places compared to the previous index. Neighboring countries Singapore, Malaysia and Thailand, however, place higher […]
Read MoreThe country’s antitrust watchdog has imposed a P16-million fine against ride-hailing firm Grab Philippines and erstwhile rival Uber for failing to observe the status quo while their merger was being reviewed. The Philippine Competition Commission (PCC), in a statement, said the two firms had violated “key provisions” of its Interim Measures Order (IMO), issued in […]
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