BANGKOK/SINGAPORE: Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion (160 billion baht) expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections. Southeast Asia’s second largest economy is expected […]
Read MoreCambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow seven per cent in 2019, slightly lower than the 7.5 […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) yesterday released the draft implementing rules and regulations (IRR) for the estate tax amnesty program, a measure seen to give taxpayers a one-time opportunity to clear up their estate tax liabilities. The agency also held public consultations for the draft Revenue Regulations (RR) to clarify any concerns from […]
Read MoreFinance Minister Sri Mulyani Indrawati is expecting that household spending, the primary driver of gross domestic product (GDP) growth in Indonesia, will expand by around 5 percent in the first quarter of this year. Sri Mulyani said the high disbursement of the social assistance program by the government would hopefully boost it. “From the government […]
Read MoreThe cabinet on Wednesday gave the nod to extending the waiver of visa-on-arrival fees for visitors from 21 nations for another six months to ward off an economic slump during the transition to a new government. Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, said that upon cabinet approval the exemption from the 2,000-baht […]
Read MoreLOANS/financing to the agricultural sector in Brunei Darussalam increased from BND11.9 million in 2015 to BND23.8 million in 2018. This aligns with the country’s diversification aspiration. According to Autoriti Monetari Brunei Darussalam (AMBD), Brunei Darussalam’s financial system, in which Islamic and conventional financial institutions co-exist in parallel, recorded an overall asset base of BND21.9 billion […]
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