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Singapore sees GDP topping 2.5%

SINGAPORE: Singapore Prime Minister Lee Hsien Loong said the country’s economic growth for the year should exceed 2.5% “if all goes well”, but brewing global trade tensions were clouding the outlook. The world’s major economies were expected to perform well this year, which is positive for Singapore’s growth as it depends largely on the external […]

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Thailand: Officials mull changes to corporate tax

The Finance Ministry is conducting a study of the pros and cons of allowing subsidiaries that are situated in different geographic locations to separately pay corporate income tax to the areas where they are domiciled to make it more difficult to avoid tax payment.  The study comes after the World Bank proposed that each country improve […]

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