The Indonesian government has been urged to provide airlines with incentives so that they can lower airfares, the costliness of which has been blamed for stagnation in the tourist industry. Indonesian Transportation Society (Masyarakat Transportasi Indonesia, MTI) aviation analyst Suharto Abdul Majid said on Sunday that the government should not instruct airlines to decrease the […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalised System of Preferences (GSP) by Thai exporters amounted to US$24.27 billion in the first four months of 2019, up 5% from the same period last year. According to a Foreign Trade Department report, FTA privilege use accounted for $22.54 billion, up 3.9% year-on-year from […]
Read MoreThe Finance Ministry on Tuesday announced that it has officially cut the rate of income tax for luxury houses to 1 percent from the initial 5 percent in trying to help boost the property business. The new policy was stipulated in Finance Ministerial Regulation No. 92/2019, which was an amendment of No. 253/2008 on the […]
Read MoreSINGAPORE: Last year, Singaporean chemicals factory boss Erman Tan took his employees on a cruise to the Malaysian island of Penang. This year, Tan says the best he can offer is to watch a video of the trip. Singapore’s economy is expected to grow at its slowest pace in a decade this year, and some […]
Read MoreKUALA LUMPUR: It is unlikely that Malaysia’s healthy current account surplus position will be threatened in the near future, says Affin Hwang Capital Research head of research and chief economist Alan Tan. “Concerns were highlighted by certain foreign investors in Hong Kong and Singapore recently, where they said the current account surplus might be threatened. […]
Read MoreMANILA, Philippines — It only takes less than an hour for international travellers arriving in Manila to deplane, gather their luggage, clear customs and immigration, and walk to vehicles with chauffeurs — making the Philippine capital among the fastest airport terminals to exit in Asia, a new report released Wednesday found. Passengers would only need […]
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Thailand
