MANILA — A $500 million tax settlement offer by a tobacco maker may be difficult for the Philippine government to refuse as it struggles to raise funds. Caesar Dulay, head of the tax agency responsible for 80% of revenue, said he is keen on accepting a 25 billion-peso (16.7 billion baht) compromise offer from Mighty […]
Read MoreMyanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. The project, which covers an area of over 193 acres […]
Read MoreGROWTH in Singapore’s services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace. Advance estimates released by the city-state’s Ministry of Trade and Industry on Friday morning showed that the services sector – which accounts for a major proportion of […]
Read MoreCambodia and Myanmar have agreed to further enhance trade between the two countries by encouraging investment from small and medium enterprises and exchanging agricultural products, according to the Ministry of Foreign Affairs and International Cooperation. “Trade between Cambodia and Myanmar can be strengthened through investments by SMEs,” stated a ministry press release on Wednesday at the conclusion of […]
Read MoreThe World Bank (WB) on Thursday released its bi-annual report on Vietnam’s economy, keeping its country GDP forecast at 6.3 per cent this year following an economic boost in the second quarter. After a disappointing performance in the first quarter, Vietnam’s economy kicked on in the ensuing three months, with an estimated GDP of 5.7 […]
Read MoreThe government has extended the stay for patients from Cambodia, Laos, Myanmar and Vietnam (CLMV), as well as those from China, who come to Thailand for medical treatment from 30 to 90 days, in accordance with its ambitious plan to turn the country into a medical hub. The extended stay will also be applicable for up […]
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