MANILA, Philippines — The Department of Finance on Tuesday said it expects the economy to grow faster in 2018 despite firming up below market expectations in the fourth quarter of 2017. The country’s gross domestic product — or the value of all finished goods and services produced in the country — grew 6.6 percent in […]
Read MoreThe new double-taxation agreement between Thailand and Cambodia officially took effect on Jan 1 for withholding tax and corporate income tax. The two countries only signed the agreement on Sept 7 last year but rushed to complete the ratification process on Dec 26. This super-fast track is a part of a consolidated strategic action plan […]
Read MoreThailand finished last year with export growth of 9.9%, the highest in six years, propelled by higher purchases from key trading partners, especially the US, EU, Asean and China. The Commerce Ministry reported Monday that the country’s whole-year shipments totalled US$237 billion (7.5 trillion baht). By contrast, exports in 2016 rose only 0.50% year-on-year. Imports […]
Read MoreThe Philippines retained its position as one of the world’s fastest-growing economies with growth of more than 6% for a sixth consecutive year, fuelling calls for the central bank to start raising interest rates to keep inflation under control. Gross domestic product increased 6.7% in 2017, the Philippine Statistics Authority said in Manila on Tuesday, […]
Read MoreKUALA LUMPUR: The strong ringgit is a boon to Top Glove Corporation Bhd as it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for mergers and acquisitions (M&A). Top Glove Chairman Tan Sri Lim Wee Chai said the company would […]
Read MorePresident Joko “Jokowi” Widodo has stressed that the central government and the regional administrations will establish the Investment Acceleration Task Forces to ensure that investors do not face problems in dealing with local bureaucracies. The President said in Jakarta on Tuesday that the task forces would begin operation before the government establishes the online single submission […]
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