MANILA, Philippines — The second package of the Comprehensive Tax Reform Program (CTRP) as approved by the House of Representatives will have negligible impact on the country’s fiscal position, Fitch Solutions Macro Research said. In a report, Fitch Solutions said House Bill 8083 or the Tax Reform For Attracting Better and High-Quality Opportunities (TRABAHO) would […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent at 2,146 ringgit ($519) a tonne. It had touched an intraday low of 2,173 ringgit, […]
Read MoreJAKARTA: Indonesia’s finance minister said the government aims to “persuade” exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency. On Tuesday, Trade Minister Enggartiasto Lukita had said authorities would make it mandatory for exporters of commodities […]
Read MoreBerli Jucker Plc (BJC), the owner of Big C Supercenter, plans to spend 10 billion baht to expand its retail business next year. Charoen Sirivadhanabhakdi, chairman of TCC Group, the owner of Berli Jucker Plc, said during Thursday’s Big C Expo 2018 that the company’s overall business has done quite well and that he is committed […]
Read MoreCentara, a Thai hospitality group led by Suthikiati Chirathivat, board chairman (fourth from the right), has signed a memorandum of understanding with Asia Investment, Development and Construction Co Ltd (AIDC), an investment and construction company in Laos. The agreement paves the way for Centara to enter into management agreements for three hotels in Laos in […]
Read MoreMANILA, Philippines — The Philippines can boost trade with the US amid its escalating trade war with China as it looks for other sources of capital goods, the National Economic and Development Authority (NEDA) said. During the economic briefing for banks and other finance institutions late Tuesday, Socioeconomic Planning Secretary Ernesto Pernia said with the […]
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