The Department of Finance (DoF) said various organizations are backing the “long-overdue” reforms in personal income tax (PIT) rates and other measures under the proposed Comprehensive Tax Reform Program. The tax reform package, as contained in House Bill (HB) 4774, aims to lower PIT rates from 32 percent to 25 percent, except for the ultra-rich, […]
Read MoreThe government of Australia will contribute US$2.5 million in additional funding for the ongoing Second Trade Development Facility Project (TDF II), aiming to improve trade and Laos’ business environment. An official launch ceremony for the additional financing took place yesterday at the Ministry of Industry and Commerce in Vientiane. The grant is funded by additional […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s larger companies created more jobs last year than small and medium-sized businesses for the first time since 2013 as the economy struggled in the face of sluggish domestic demand and a slump in global trade. Bigger companies – defined as those with annual revenue exceeding S$100 million or employing more than […]
Read MoreThailand is set to sign 16 partnership deals with Cambodia during this week’s trade delegation visit led by Deputy Prime Minister Somkid Jatusripitak. Commerce Minister Apiradi Tantraporn said five of the deals will be signed by government-to-government units and the remaining 11 will be between private-sector bodies. She said the Commerce Ministry’s International Trade Promotion […]
Read MorePETALING JAYA: Malaysia’s industrial output rose 3.5% in January from a year ago, underpinned by gains especially in the manufacturing sector, which was below Bloomberg’s survey of a 5.3% increase. The Statistics Department announced yesterday the industrial production index (IPI) was supported a 4.6% increase in manufacturing, mining (1.1%) and electricity (1.1%). “The manufacturing sector […]
Read MoreTEMPO.CO, Jakarta – Indonesia is gearing up for IMF and World Bank Annual Meetings in October 2018 in Bali. Transportation Minister Budi Karya Sumadi said he will provide adequate transportation for the annual meeting. “The Transportation Ministry’s role is to provide transportation services, particularly airports,” he said after a coordinated meeting at the Coordinating Ministry of […]
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