SINGAPORE – The Singapore Tourism Board (STB) is projecting a 25 to 30 per cent drop in visitor arrivals this year, as the deadly coronavirus that has killed more than 1,000 and infected more than 42,000 worldwide continues its global spread. This estimation is steeper than the 19 per cent decline in 2003, when Singapore endured the […]
Read MoreBecause of the increasing demand for power consumption and a rise in development activies, power supply in the Kingdom has increased sharply, according to a report by the Ministry of Mines and Energy. The report states that the power supply generated has increased from 2,635 megawatts (mW) in 2018 to 3,382 mW in 2019, a […]
Read MoreThe cabinet on Tuesday approved additional tax measures to boost private investment in 10 special economic zones (SEZs) and the flagship Eastern Economic Corridor (EEC). Government spokeswoman Naruemon Pinyosinwat said one of the two measures is a reinstated corporate income tax of 10%, down from 20%. The previous 10% rate expired in December 2017. The 10-year […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia expects the economy to remain supported by private sector activity in 2020 but concerns are the impact of the novel coronavirus (Covid-19) outbreak in the first quarter. It said on Wednesday the overall impact of the virus on the Malaysian economy will, however, depend on the duration and spread of […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) expects a 6.3 percent growth for the Philippine economy in the first quarter despite a spate of natural disasters led by the eruption of Taal Volcano as well as the global outbreak of the 2019 novel coronavirus (nCoV). Yongzheng Yang, IMF resident representative to the Philippines, said […]
Read MoreSINGAPORE – Singapore has been ranked the most liveable city for expatriates from other Asian markets for the 15th year running. The latest survey cited its excellent infrastructure and amenities, low crime rate and a large expat community, which provides access to a social network. “The country will most likely continue to hold the top […]
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Thailand
