TEMPO.CO, Jakarta – Transportation Minister, Budi Karya Sumadi, argues that the Government and Business Entity Cooperation (KPBU) financing scheme used to finance government infrastructure projects will be able to accelerate construction process. It would need more than Rp 1,000 trillion worth of funds to accelerate infrastructure developments. Meanwhile, the ministry’s four year project can only […]
Read MoreThe Finance Ministry has instructed the Revenue Department to improve tax collection efficiency and stem tax avoidance by large corporations, whose tax bills have been falling for the past several years. Over 1,000 large companies classified under the department’s Large Tax Office paid less than the tax-collecting agency’s target in recent years, resulting in a […]
Read MoreThe government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the end of 2016, official figures show. Of this sum, 86.6 percent was for infrastructure. Other priority sectors accounted for the rest, according to the Cambodia Public Debt Statistical Bulletin released last […]
Read MoreMANILA, Philippines – The Philippines’ balance of payments (BOP) remained in deficit in March, the widest in four months, as more money flew out of the country against the capital that came in. This is the sixth consecutive month the country incurred a BOP deficit, data from the Bangko Sentral ng Pilipinas (BSP) showed. The […]
Read MoreHigh logistics costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in the country are as high as double compared to other neighbouring or Asean countries according to the Japan External Trade Organisation’s (JETRO) survey team. A […]
Read MoreCambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory report, deposits in the country’s banks rose by 21.8 percent […]
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Thailand
