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Philippines: Economic managers flag fiscal risks

MANILA, Philippines — A Supreme Court (SC) ruling which increases the internal revenue allotment (IRA) share of local government units (LGUs) has been flagged by economic managers as a risk to the country’s fiscal stability. In its Fiscal Risks Statement 2020, the Development Budget Coordination Committee (DBCC) cited the SC’s decision on the Garcia and […]

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Thailand: Showdown at Suvarnabhumi roils retail

The shopping landscape is about to change drastically around Suvarnabhumi airport with the addition of two new premium outlet malls, representing a challenge to the retail throne dominated by the local duty-free kingpin. Central Village, a 5-billion-baht project of Central Pattana Plc (CPN), is beset with regulatory issues raised by Airports of Thailand Plc (AoT) […]

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