KUALA LUMPUR: Nestle (M) Bhd says most of its products will not be hit by the sugar tax imposed by the government effective July 1. “Basically this little impact (of the sugar tax) that we have, we will find a way to absorb it. We will find a way to defend the price of our products so […]
Read MoreMore than 34 billion pesos ($665 million) worth of projects to put up buildings for information technology and business process management (IT-BPM) companies are now at the mercy of Philippine President Rodrigo Duterte after the presidential Malacanang Palace slapped a ban on new economic zones in the country’s capital district. According to the Philippine Economic […]
Read MoreThe country’s manufacturing sector grew slower in June as indicated by a decline in the purchase manager index (PMI) to 50.6 from 51.06 in the previous month. An index rate above 50 indicates growth in the manufacturing sector. Securities firm Samuel Sekuritas economist Ahmad Mikail said the drop was in line with the World Bank […]
Read MoreIn attempts to exert some pressure on the Thai Baht control levers, the Bank of Thailand says it’s scaling back the auction size of short-term bonds. The actions are an attempt to curb the rapid surge of the Thai Baht which hit a six-year high last Monday. The central bank has announced that the reduction […]
Read MoreThe Hanoitimes – The investment from Japan in the Vietnamese infrastructure is forecast to surge in the coming time, according to a JBIC official. The Japanese Partnership for Quality Infrastructure Initiative, which has been launched a few years ago with Vietnam being the first priority country, has contributed to turning the South East Asian country into […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has issued a new circular which clarifies the rules and guidelines for the imposition and collection of taxes and fees from professionals, in line with the government’s thrust to improve the ease of doing business in the country. Finance Secretary Carlos Dominguez issued last June a Local […]
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