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Grab contributes Rp 77.4 trillion to Indonesian economy: Research

Ride-hailing firm Grab Indonesia contributed Rp 77.4 trillion (US$5.45 billion) to the Indonesian economy last year, largely thanks to its food delivery service, while providing gig work for the country’s informal workers, research released Thursday has shown. The research, conducted by the Centre for Strategic and International Studies (CSIS) and Tenggara Strategics, revealed that the […]

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Philippines: Digital technology is key to recovery

The webinar organized by the Carlos P. Romulo Foundation and the Makati Business Club last June 23 on the topic “Digital Readiness for the New Normal” provided some insights on the government’s economic recovery plan from the coronavirus disease 2019 or COVID-19 pandemic in which digital connectivity will play a major role. Acting NEDA Secretary […]

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Malaysia’s aging population challenge: World Bank moots RM350 monthly govt-funded ‘social pension’ for B40 elderly as a start

KUALA LUMPUR, June 26 — The concern of whether Malaysia’s fast-aging population would have enough savings to live out their days in retirement could be addressed by having the government fund a “social pension”, such as a RM350 monthly payment to senior citizens in the B40 group, the World Bank has suggested. The World Bank […]

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Cambodia: Food tech company to enter Kingdom

Kemin Industries, a global ingredient manufacturer, has entered into a partnership with Diethelm Keller Siber Hegner (DKSH) to be the distributor for Kemin Food Technologies in Cambodia, Vietnam and Myanmar. Using DKSH’s distribution services will strengthen Kemin Food Technologies’ market synergies and provide a foundation to further expand its presence within Vietnam, Myanmar and Cambodia. […]

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Vietnamese retailers need support as EVFTA takes effect

The opening of the domestic market as committed in the EU – Vietnam Free Trade Agreement (EVFTA) will lead to the strong penetration of foreign businesses to expand their retail chains in the country. This poses great challenges, requiring state management agencies to make appropriate and timely decisions to support retail businesses in the new […]

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Philippines: TIEZA dangles tax perks for tourism

MANILA, Philippines  — The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is offering tax incentives for the renovation of tourism enterprises and lowering its permit fees to P1 as part of efforts to aid the recovery of the tourism sector. In a statement, TIEZA said its board recently approved the grant of tax incentives to […]

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