The nation’s consumer price index (CPI) increased by 0.46 per cent in the first month of this year, the highest month-on-month increase recorded over the two years, the General Statistics Office (GSO) announced yesterday. The January’s CPI also experienced a year-on-year rise of 5.22 per cent, much higher than 1-per-cent growth seen in same period […]
Read MoreKUALA LUMPUR: Malaysian food exporters to the US will likely need to undergo auditing process on their factories and record keeping procedures when the US government starts enforcing the Foreign Supplier Verification Programme (FSVP) rule from May 2017 onwards. The Malaysia External Trade Development Corporation (Matrade) said on Friday the FSVP rule to be enforced […]
Read MoreMANILA, Philippines – Marikina Rep. Romero Quimbo urged the House of Representatives Ways and Means Committee yesterday to separate the proposed reduction in income tax from the administration proposal to impose a P6 tax on diesel and other oil products. Quimbo, who headed the committee in the previous Congress, reminded current chairman Dakila Cua that […]
Read MoreThe southern province of Binh Phuoc is seeking investors to inject more capital into its 13 industrial parks and spur industrialisation, the People’s Committee said. Businessmen are being encouraged to invest in petrochemical, pharmaceutical, plastic and rubber components, and production projects with added value of 30 per cent or more, in addition to automobile manufacturing […]
Read MoreBusiness confidence is expected to improve in 2017, following the Government’s hastened reform efforts aiming to create momentum for firms and boost start-up entrepreneurship. After a year of record firm foundations, which is considered a silver lining although the country failed to meet its growth target, the Government signaled ongoing determination to improve the business […]
Read MoreMANILA, Philippines – British banking giant HSBC said strong investments and private consumption would help sustain the country’s economic expansion. In a report, HSBC economist Su Sian Lim said the gross domestic product growth in the Philippines, Indonesia, Malaysia, Thailand, Singapore and Vietnam would average 4.4 percent this year and 4.5 percent in 2018. “ASEAN […]
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