JAKARTA: Indonesia will review imports of capital goods to help rein in the current-account deficit and stem a deepening currency rout. Finance Minister Sri Mulyani Indrawati said major government projects could be shelved as authorities widen the scope of their efforts to stabilise the currency. The rupiah has slumped more than 5% against the dollar […]
Read MoreMANILA, Philippines — Inflation likely accelerated to a fresh five-year high of 4.9 percent in June due to higher prices of food and “sin” products, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said the June inflation may have grown to 4.9 percent year-on-year, faster than the previous month’s […]
Read MoreAsia-Pacific has made the strongest transparency improvement from 2016 compared to the other four regions covered by the latest study conducted by property consultancy firm JLL. According to its newly released biannual Global Real Estate Transparency Index (GRETI) 2018, of the world’s top 10 real estate markets that have registered the biggest improvements in transparency, four are […]
Read MoreKUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) has instructed China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the East Coast Rail Link project with immediate effect. Theedgemarkets.com reported on Wednesday that it had sighted a letter from MRL instructing CCCC to suspend all […]
Read MoreSINGAPORE’s economy should continue to expand in 2018 although protectionism risks have risen, said Ravi Menon, Monetary Authority of Singapore managing director. Overall growth in gross domestic product (GDP) is expected to come in at around 2.5–3.5 per cent in 2018, he said. “While the central prognosis for the Singapore economy this year remains intact, […]
Read MoreCabinet has decided to keep value-added tax at the current rate of 7% for another year, from Oct 1 to Sept 30, 2019. Nathaporn Jatusripitak, adviser to the prime minister’s office minister, said the cabinet made the decision on Tuesday. The current 7% VAT rate will expire at the end of September. What VAT was […]
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Thailand
