MANILA, Philippines — The Asian Development Bank (ADB) has approved a new $26.5 million loan for the Philippines to enable its local government units (LGUs) to boost revenues by adopting digital tools for real property tax valuation and collection. The Manila-based multilateral yesterday said that the Local Governance Reform Project would help LGUs nationwide to […]
Read MoreVietnamese seafood producers are developing their material in a sustainable way to make use of incentives for rising exports to the EU market. Accounting for about 5 per cent of the world’s shrimp market share and 19 per cent of Vietnam’s shrimp export turnover, Minh Phu Seafood Corporation is the country’s biggest exporter of the […]
Read MoreKUALA LUMPUR, June 29 — The Malaysian Employers Federation (MEF) said many businesses will go under should the living wage in urban cities be set at RM2,700 per month. MEF executive director Datuk Shamsuddin Bardan said wage increments must be in line with employees’ productivity and level of professionalism. “If you want to increase productivity, […]
Read MoreThailand’s R&D spending is expected to drop to 166 billion baht, or 1.09% of GDP this year, weighed down by the impact of the coronavirus pandemic, says the Office of National Higher Education Science Research and Innovation Policy Council (NXPO). Last year’s R&D spending is still under assessment but is estimated to reach 200 billion […]
Read MoreIndonesia is still among the preferred Southeast Asian markets for investment amid the country’s continuous fight against COVID-19, backed by strong household spending and a young working population, Singapore’s largest bank, DBS, has stated. In a report titled “CIO Insights 3Q20” released on Monday, DBS noted that the country would quickly return to normalcy after […]
Read MoreMANILA, Philippines — Rates for short-term government securities plunged yesterday following the central bank’s surprise 50-basis-point rate cut last week, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 1.746 percent, 32.2 basis points lower than the 2.068 percent recorded last week. Healthy […]
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