MANILA, Philippines — Three foreign groups are planning to submit business proposals for the possible takeover of the shipyard facility of financially troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil Inc.) in Subic, according to the Board of Investments. Ceferino Rodolfo, BOI managing head and Department of Trade and Industry undersecretary, told reporters that Dutch shipbuilding firm […]
Read MoreKUALA LUMPUR: The government will monitor the ringgit‘s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit‘s performance should be evaluated on an annual basis, as it was normal for the value of currencies to fluctuate from day to day. “The ringgit‘s fluctuations are […]
Read MoreThe government has issued a new regulation on incentives and facilities for investment in Indonesia’s regions (provinces, cities, regencies) in an effort to boost economic growth across the country. Government Regulation No. 24/2019 on incentives and facilities for investment in regions was issued on April 2, kontan.co.id reported Monday. The new regulation provides more details than the previous […]
Read MoreA railway reconnecting Cambodia and Thailand was officially inaugurated on Monday following a 45-year hiatus, with the two kingdoms’ prime ministers in attendance at the ceremony. On the occasion, Cambodian Prime Minister Hun Sen and Thai Prime Minister Prayut Chan-o-cha travelled together from Thailand’s Khlong Luek Railway Station to Poipet Station in Banteay Meanchey province. […]
Read MoreThe Revenue Department has proposed a tax deduction for property buyers as part of a seven-measure package to prop up economic growth during the transition to a new government. Several tax measures for the property sector have been proposed to the Fiscal Policy Office (FPO), said Ekniti Nitithanprapas, director-general of the department. The Finance Ministry […]
Read MoreMANILA, Philippines — Weakness in export sales is expected to continue in emerging Asian economies throughout the year on the back of weaker global demand and high inventory of electronic products, London-based Capital Economics said. In its latest Emerging Asia report, the research firm said growth in technology exports from the region, particularly semi-conductors, is expected to […]
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