KUALA LUMPUR: The World Bank Group expects the revival of the East Coast Rail Link (ECRL) and Bandar Malaysia projects to have a positive impact on the country’s economic growth in the medium term. “Certainly, public investment would be supportive of growth in the medium term from a gross domestic product perspective,” lead economist for Malaysia Richard Record told reporters at the […]
Read MoreBANGKOK/SINGAPORE: Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion (160 billion baht) expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections. Southeast Asia’s second largest economy is expected […]
Read MoreCambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow seven per cent in 2019, slightly lower than the 7.5 […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) yesterday released the draft implementing rules and regulations (IRR) for the estate tax amnesty program, a measure seen to give taxpayers a one-time opportunity to clear up their estate tax liabilities. The agency also held public consultations for the draft Revenue Regulations (RR) to clarify any concerns from […]
Read MoreFinance Minister Sri Mulyani Indrawati is expecting that household spending, the primary driver of gross domestic product (GDP) growth in Indonesia, will expand by around 5 percent in the first quarter of this year. Sri Mulyani said the high disbursement of the social assistance program by the government would hopefully boost it. “From the government […]
Read MoreThe cabinet on Wednesday gave the nod to extending the waiver of visa-on-arrival fees for visitors from 21 nations for another six months to ward off an economic slump during the transition to a new government. Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, said that upon cabinet approval the exemption from the 2,000-baht […]
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