SINGAPORE passed into law on Monday a new type of entity – the Variable Capital Company – that will be a game changer for the Republic’s fast-growing fund management industry. The Variable Capital Companies (VCC) Bill, approved by Parliament on Monday, aims to boost the fund management ecosystem by encouraging funds to both incorporate and […]
Read MoreHAIPHONG, Vietnam: At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as it was for the likes of Japan and South Korea. VinFast, a unit of Vietnam’s largest […]
Read MoreKUALA LUMPUR: The government’s hands are tied as far as house prices are concerned. Finance Minister Lim Guan Eng said the government can only help reduce the cost of developing houses through measures such as the exemption from the Sales and Service Tax (SST). However, the price of land, which is an integral component of developments, is out of […]
Read MoreMANILA, Philippines — The domestic manufacturing sector grew at a moderate pace in September, signalling “resilient” expansion in the months ahead, according to the latest reading of the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI registered a higher reading of 52 in September from 51.9 in August. This took the third quarter […]
Read MoreThe headline inflation rate, gauged by the increase in the consumer price index (CPI), rose for a 15th straight month in September year-on-year, but slowed from August, mainly because of lower fresh food prices. The Commerce Ministry reported yesterday consumer prices rose 1.33% from September last year after rising 1.62% year-on-year in August, the highest since October […]
Read MoreThe Hanoitimes – Vietnam’s economy is projected to continuously maintain good performance next year with GDP to expand roughly 6.8 percent despite both internal and external challenges. The Ministry of Planning and Investment (MPI) has recently forecast GDP to rise by 6.6-6.8 percent in 2019 after the country’s economic growth reportedly hit eight-year high of 6.98 […]
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Thailand
