Five companies have filed lawsuits against the Bandung-Jakarta high-speed train project with the Karawang District Court in West Java, demanding a total compensation of Rp 2.02 trillion (US$141 million) for their properties affected by the project, of which three will proceed to court. PT Gajah Tunggal, PT Karawang Cipta Persada, PT Perusahaan Industri Ceres, PT Batuah Bauntung Karawang […]
Read MoreThe cabinet approved a draft bill Tuesday on the land windfall tax — a levy on inflated property prices driven by transport infrastructure projects. Nathporn Chatusripitak, an adviser to the PM’s Office Minister, said the new tax will charge both individual and corporate owners for commercial purposes and condominium projects worth more than 50 million baht […]
Read MoreKUALA LUMPUR: The growth rate of Malaysia’s gross domestic product (GDP) could fall to below 4% in 2019 if the United States and China continue to hike tariffs on a wider range of imports from each other. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie cautioned that Malaysia’s economic performance could be “substantially affected” […]
Read MoreThe Hanoitimes – A survey on Vietnam’s business climate in the first three months of 2018 shows positive expectations from European firms towards Vietnam, said Nicolas Audier, co-chairman of European Chamber of Commerce in Vietnam (EuroCham). The majority of EuroCham members aim to maintain or increase their investment in Vietnam, said a newly-announced survey by the […]
Read MoreA road corridor has been assigned for the planned Boten-Huayxai Expressway connecting China to Thailand via Laos. The Ministry of Public Works and Transport held a meeting on Friday and approved the selection of 181 km “Corridor K” to traverse Lao lands. The expressway links Boten in Luang Namtha province at the Laos-China border with […]
Read MoreTEMPO.CO, Jakarta – The prices of red pepper and broiler chicken eggs have increased in Jakarta. The red pepper price rose from Rp40,000 to Rp70,000 per kilogram. Meanwhile, the broiler chicken eggs reached Rp30,000 per kilogram. Through Tempo’s monitoring in Mayestik Market, Santa Market, and Kebayoran Lama Market, South Jakarta, the increased price of red pepper due to the increasing commodity […]
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Thailand
