The Indonesian government is preparing a regulation to relax the value added tax (VAT) refund requirements for foreign tourists to support efforts to achieve this year’s target to attract 20 million tourist arrivals. “We have prepared a foreign ministerial regulation,” said Finance Ministry Taxation Director General Robert Pakpahan in Jakarta on Tuesday, adding that the new […]
Read MoreMANILA, Philippines — Local vehicle assemblers registered a 15 percent decline in sales in January from a year ago on continued weak demand for cars. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released yesterday showed total vehicle sales reached 26,888 units in January, down […]
Read MoreSINGAPORE (BLOOMBERG) – Private home prices in Singapore are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the country’s largest developer said. “If we see a 5 per cent increase in home prices I think that will be a pretty good year for the […]
Read MoreWHILE THE Thai government has a list of up to 12 economic deliverables as it chairs Asean this year, business leaders are not sure its work this year will benefit the private sector in the near future. Arin Jira, chair of the Asean Business Advisory Council (Asean-BAC), commended the government for setting a progressive agenda […]
Read MoreChin State is looking to attract local and foreign investors to accelerate the development of tourism, agriculture, livestock, and electricity generation in the state, U Aung Naing Oo, the secretary of Myanmar Investment Commission (MIC), said Tuesday. As part of efforts to attract potential investors theChin State Investment and Products Fair will be held on […]
Read MoreASIAN markets were mixed on Tuesday with investors cautiously optimistic that China and the US can reach a deal ending their trade war as the two sides prepare to resume talks this week. With New York closed for a public holiday there were few catalysts to drive buying, though the release of Federal Reserve minutes […]
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