Antitrust authorities have initiated a review of Grab’s purchase of Uber’s Southeast Asian operations, noting that the deal “may likely lessen, prevent or restrict competition substantially.” In a decision issued on Tuesday, the Philippine Competition Commission (PCC) directed its Mergers and Acquisitions Office (MAO) to launch a motu propio investigation as both Uber and Grab […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is optimistic about the country’s economic outlook in 2018 after witnessing better sentiment over the first two months of the year. The committee increased the group’s 2018 GDP projection from growth of 3.8-4.5% to 4.0-4.5%. Chen Namchaisiri, chairman of the Federation of Thai Industries (FTI) who […]
Read MoreMANILA, Philippines — Prices of retail goods in the National Capital Region (NCR) rose by 3.8 percent in February from 3.5 percent the previous year as most commodity groups posted higher increments, the Philippine Statistics Authority (PSA) said. Increases were registered in a majority of the commodity groups particularly food (5 percent), beverages and tobacco […]
Read MoreMANILA, Philippines — Inflation likely accelerated to 4.1 percent last month based on 2012 prices, driven by higher tobacco, non-alcoholic beverages and energy costs, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said the consumer price index (CPI) – under the rebased 2012 series – may have settled at […]
Read MoreLaos has become the top destination for outbound investment from Vietnam as a result of the enhanced special solidarity and comprehensive cooperation between the two countries. Vietnamese companies invested almost US$150 million in 28 projects in 16 countries and territories from January to March, according to a Vietnam News report. The Vietnamese Ministry of Planning […]
Read MoreAS MALAYSIA edges closer towards the coveted high-income nation status, the Government remains committed to providing a better future for all Malaysians. Under the leadership of Prime Minister Datuk Seri NajibTun Razak since 2009, the Government has introduced numerous tax-related initiatives to put more money into the pockets of the rakyat and to induce […]
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Thailand
