HLH, otherwise also known as Hong Lai Huat, whose core business or property development and agriculture, has teamed up with Skiold A/S of Denmark to explore investment into a $ 1 billion proposed Cambodia-Singapore Agriculture Special Economic Zone. According to reports published in The Edge, Singapore, the objective of the MOU is to “create the […]
Read MoreIndonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales. In July Indonesia had already announced that Alphabet Inc’s Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT. […]
Read MoreMANILA, Philippines — Global rating agency Fitch Ratings expects the Philippines to suffer a deeper economic contraction of eight percent this year, and noted a continued erosion of the country’s fiscal buffers amid the coronavirus pandemic. In a report, Fitch Ratings said the Philippine economy may decline by much more than the previous estimate of […]
Read MoreKUALA LUMPUR, Sept 9 — The early economic indicators for July have shown that the nation’s economy is improving, said Deputy Finance Minister II Mohd Shahar Abdullah. He said exports have increased by 3.1 per cent year-on-year, while sales of passenger cars and commercial vehicles also rose by 27.3 per cent and 44.8 per cent, respectively, during the month, compared to […]
Read MoreSINGAPORE, Sept 8 — With the increased scrutiny on the issue of foreign talent in Singapore leaving some companies anxious, Trade and Industry Minister Chan Chun Sing today reassured businesses that Singapore will continue being open to top international talent. “Let me be clear — we want the world’s best and brightest to be with […]
Read MoreThe regional textile industry has come under near-term threat from the global Covid-19 outbreak, especially for key producer Cambodia. Sian Fenner, lead Asia economist at Oxford Economics, noted in a recent report that lockdowns adopted to contain the spread of the virus “have had a severe impact on manufacturing and exports” in Cambodia, Laos, Myanmar […]
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Thailand
