The land and buildings tax set for Jan 1, 2019 is likely to be enforced behind schedule because of the time-consuming approval process, says an informed source at the Finance Ministry. Even in the best-case scenario that the National Legislative Assembly (NLA) passes the second and third readings in July, plus two months awaiting publication […]
Read MoreThe Hanoitimes – The processing and manufacturing sector continued to attract the major share of foreign direct investment (FDI) in Vietnam in the first half of 2018, with US$7.91 billion. The Foreign Investment Agency under the Ministry of Planning and Investment reported that the value accounted for 38.9% of the country’s total investment in H1 2018. […]
Read MoreThe Hanoitimes – Growth in industry and construction sector remains major momentum for Vietnam’s gross domestic product (GDP) during the first six months of 2018. Vietnam posted year-on-year GDP growth of 7.08% in the first two quarters of 2018, the best first-six-month performance in the last eight years, backed by growth in industry and construction, the […]
Read MoreThe Hanoitimes – Merger and acquisition (M&A) in Vietnam’s real estate sector has surged strongly as foreign investors have optimized the channel to exploit the potential market. Deals heat up realty market Singapore’s sovereign wealth fund GIC recently agreed to buy Vinhomes shares and extend the company a debt-like instrument in a US$1.3 billion deal. Nam […]
Read MoreIndonesia’s central bank on Friday raised interest rates for the third time in six weeks as it moves to shield the rupiah from a selloff in emerging market currencies. Bank Indonesia raised its key rate to 5.25 percent from 4.75 percent. The rupiah has slid more than five percent against the dollar this year to […]
Read MoreBank Indonesia Governor Perry Warjiyo has said the decision to raise BI’s seven-day reverse repo rate by 50 basis points (bps) is a further preemptive measure to maintain the competitiveness of the domestic financial market against uncertainty in the global financial market. “The decision to raise the interest rate is an extension of BI’s preemptive […]
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Thailand
