MANILA, Philippines — The Philippine peso could come under pressure anew on the back of the country’s “worsening” external position, a London-based think tank said, adding that the central bank would likely “tread cautiously” as it cuts rates amid gloomy outlook on the local currency. In a commentary sent to reporters Monday, Capital Economics Asia […]
Read MoreRECENT changes to the Thai Revenue Code (TRC) will result in mutual funds being subject to income tax at 15 per cent on their gross income from August 20, 2019, 90 days from the date of publication of these changes in the Royal Gazette. The TRC Amendment Act No 52 (Amendment Act), published in the […]
Read MoreThe Hanoitimes – The country with a population north of 95 million is seeing a surge in tech companies taking advantage of its growing yet unique startup culture. Vietnam is transforming into one of the hottest startup hubs, not only in Asia, but in the world, the International Business Times (IBT) reported. The IBT backed up […]
Read MoreThe Hanoitimes – To date, JG Summit has invested US$200 million in Vietnam, employs 3,000 people and exports 50% of its products manufactured in Vietnam. JG Summit Holdings, one of the largest Filipino investors in Vietnam, proposed to invest in the country’s tea industry through public-private partnership (PPP) contracts towards sustainable development, according to Lance Y. […]
Read MoreBank Indonesia sees room to cut interest rates, according to Governor Perry Warjiyo, raising the prospect of Southeast Asia’s biggest economy easing monetary policy in the face of growing risks to growth. “If we take into account low inflation and economic growth that needs to be pushed, indeed, we already know that there’s room to […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose on Monday, shadowing higher U.S. soyoil prices on the Chicago Board of Trade (CBOT), while a softer ringgit also supported. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.8% at 2,035 ringgit ($487.19) per tonne at the day’s close. Palm oil fell last week on […]
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