MANILA, Philippines — The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) Law may result in higher electricity rates for consumers and impact the renewable energy sector, according to consumer group Laban Konsyumer Inc. In a statement, LKI president and former trade undersecretary Victorio Dimagiba said they have warned Finance Secretary Carlos Dominguez that power rates […]
Read MoreKUALA LUMPUR (Reuters) – Malaysia will not allow foreigners to buy residential units built at the $100 billion Forest City project in Johor, Prime Minister Mahathir Mohamad said on Monday. The project has been wracked by uncertainty since Mahathir’s coalition scored a shock victory at a May general election, as developer Country Garden Holdings Co […]
Read MorePROPERTY DEVELOPERS are looking for land in four locations next to the planned Bt500-bn infrastructure network of the Eastern Economic Corridor(EEC), say market experts. Asides from the close proximity, these areas come with the convenience of modern living including shopping areas, efficient transportation, hospitality venues, and lifestyle zones. “In the vincinty of digital park, Sriracha […]
Read MoreMANILA: The Philippines’ agriculture minister said on Monday he has proposed the importation of an additional 132,000 tonnes of rice by the private sector to address “very limited” supplies of the staple food in the country’s southern provinces. Agriculture Secretary Emmanuel Piñol said he had formally recommended the “special” importation to President Rodrigo Duterte, and […]
Read MoreThe Hanoitimes – Instead of divesting at PV Gas, state-run Vietnam Oil and Gas Group (PetroVietnam) will focus on divesting stake at other subsidiaries. PetroVietnam plans to delay divesting state at its subsidiary energy firm PetroVietnam Gas (PV Gas) beyond 2020, VnExpress reported. The move is part of PetroVietnam’s restructuring plan in the 2017 – 2025 […]
Read MoreKUALA LUMPUR: Bursa Malaysia rose on improved sentiment on Monday as comments from the US Federal Reserve chairman on Friday served to ease fears of rapid interest rate hikes. Jerome Powell said last week that a gradual approach to raising interest rates was in the best interest of the US economy and job growth, giving […]
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