MANILA, Philippines – The national government spent P50.7 billion for capital outlays in April 2017, up by 1.3 percent from the P50.1 billion reported the same month last year, data from the Department of Budget and Management (DBM) showed. On a year-to-date basis, the total amount spent for infrastructure from January to April declined 1.5 […]
Read MoreThe government is imposing an anti-circumvention tariff on cheap imported products that dodge anti-dumping duties. Wanchai Varavithya, deputy director-general of the Foreign Trade Department, said the Anti-Dumping and Countervailing Act (ADC Act) is being amended to protect domestic entrepreneurs, with a new chapter regarding anti-circumvention penalties being added. The draft amendment has already been completed. […]
Read MoreUnder the new Investment Law and corresponding investment rules implemented in April 2017, the Myanmar Investment Commission (MIC) is now empowered to exclude investors who have abused human rights in any jurisdiction, according to the International Commission of Jurists (ICJ). Dr Daniel Aguirre, a legal adviser with the ICJ in Myanmar, told The Myanmar Times […]
Read MoreMANILA, Philippines – Fewer companies are set to expand and hire additional workers amid the expected slowdown in economic activity in the third quarter, results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. Rosabel Guerrero, director of the BSP’s Department of Economic Statistics, said results of the latest Business Expectations Survey […]
Read MoreHANOI (BLOOMBERG) – VietJet Aviation Joint Stock Co, which controls almost half of Vietnam’s domestic airline market, is in talks to become the first company in the Southeast Asian nation to list its shares in an overseas stock exchange. “We’ve been approached by some foreign stock exchanges including London, Hong Kong and Singapore, which expressed […]
Read MoreUnder the new Investment Law and corresponding investment rules implemented in April 2017, the Myanmar Investment Commission (MIC) is now empowered to exclude investors who have abused human rights in any jurisdiction, according to the International Commission of Jurists (ICJ). Dr Daniel Aguirre, a legal adviser with the ICJ in Myanmar, told The Myanmar Times […]
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