MANILA, Philippines – The Philippine manufacturing sector outperformed those of other Southeast Asian countries in May as it remains firmly in expansion territory during the month, according to the latest reading of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI). Domestic manufacturing registered a higher PMI reading of 54.3 in May, up from 53.3 in […]
Read MoreThe Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]
Read MoreSome two million tonnes of oil and two billion cubic metres of gas will be supplied annually for domestic use after the completion of Myanmar-China oil and gas pipelines, the South East Asia Crude Oil Pipeline Co Ltd (SEAOP) and the South East Asia Gas Pipeline Co Ltd (SEAGP) said in a statement. Those oil […]
Read MoreThe Myanmar Rice Federation (MRF) is going to negotiate with officials from the Internal Revenue Department (IRD) about withholding tax on high-income agri-businessmen, U Nay Lin Zin, joint secretary of Myanmar Rice Federation, told The Myanmar Times. The IRD is preparing procedures to levy WHT on agri-businesses with an income of K500,000 and above after deductions, […]
Read MoreKUALA LUMPUR — Malaysia’s export growth surged again in April, though at a slightly slower pace compared to the previous month, government data showed on Monday. April’s exports rose 20.6% from a year earlier, the fifth straight month of double-digit growth. The pace was just below the 22.3% growth forecast in a Reuters poll and […]
Read MoreCambodia’s business environment retained a positive outlook during the commune elections held yesterday, with several experts saying they expected the Kingdom’s economy to benefit from continued political stability. Despite at times heated rhetoric and threats of violence, political campaigning leading up to the commune elections remained peaceful and without any major altercations, with unofficial preliminary […]
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Thailand
