MANILA, Philippines — Conglomerates Alliance Global Group Inc. (AGI) and JG Summit Holdings Inc. are betting on the travel and tourism industries to lead their post-pandemic recovery. AGI, through subsidiaries Megaworld Corp. and Travellers International Hotel Group Inc., is engaged in real estate development and tourism-entertainment and gaming, while JG Summit’s businesses include budget airline […]
Read MoreKUALA LUMPUR, Oct 11 — Bursa Malaysia was higher at lunch break, boosted by positive sentiments amidst the resumption of interstate travels. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.25 points firmer at 1,573.15, compared to 1,563.9 at Friday’s close. The bellwether index opened 3.98 of-a-point better at 1,567.88 and fluctuated between […]
Read MorePrime Minister Prayut Chan-o-cha said on Monday that he will push for the opening up of the country to fully vaccinated foreign tourists from at least 10 countries on Nov 1, as the government earlier planned. Gen Prayut said in a nationally televised broadcast that fully vaccinated tourists from at least 10 low-risk countries would […]
Read MoreThe Revenue Department has considered lowering the personal income tax for foreign experts to 17% as part of measures to woo highly skilled professionals to work in Thailand, says director-general Ekniti Nitithanprapas. Thailand’s personal income tax rate is progressive, varied by salary level. Those with annual income from 150,001 baht to 300,000 baht are subject […]
Read MoreCambodia’s economy will grow more slowly than previously forecast, according to the ASEAN+3 Macroeconomic Research Office (AMRO). It cut its 2021 gross domestic product (GDP) forecast to 2.8 percent from a March forecast of 4 percent. AMRO says growth will bounce back next year to 6.6 percent thanks to the speed of the Kingdom’s vaccination […]
Read MoreMANILA, Philippines — Ayala Land Inc. has secured the approval of corporate regulators for its plan to infuse more commercial properties to AREIT Inc. in exchange for additional shares, a transaction that would further expand the real estate investment trusts (REIT) firm’s portfolio. In a disclosure to the stock exchange on Monday, Ayala Land said […]
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