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Brunei 55th in ease of doing business: World Bank

Brunei has risen to 55 out of 190 economies in the World Bank’s latest rankings for ease of doing business, an improvement of one spot from the year prior. The Sultanate’s score of 72.03 percent is the fourth highest amongst ASEAN countries, behind Thailand, Malaysia and Singapore who came second overall for the third consecutive […]

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Vietnam: Decree against transfer pricing of foreign multinationals hurts local firms

The Hanoitimes – Major Vietnamese corporations said that the regulation has discouraged them from investing. A Vietnamese decree is in place to tackle transfer pricing abuse by firms, especially foreign multinational companies, but local enterprises complain they are caught in the crossfire. Decree No. 20/2017/ND-CP, which came into force in May 2017, regulates that interest expenses […]

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Cambodia: Booking Holdings invests $200 million in Grab

Booking Holdings, a global leader in online accommodations and travel e-commerce, yesterday entered into a strategic partnership with Grab Holdings Inc. Booking Holdings’ brands will now be able to offer on-demand transport services through their apps, powered by Grab. The partnership also allows Grab users to book travel-related services through the app for the first […]

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Thailand: Inflation slows from September high

The headline inflation rate, gauged by the increase in the consumer price index (CPI), rose for the 16th straight month in October but slowed from September as prices of raw food, vegetables and fruits dropped.  The Commerce Ministry reported yesterday consumer prices rose 1.23% year-on-year last month, easing from 1.33% in September and 1.62% in August, […]

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