Updated: May 30, 2016
• Details of Kingdom’s first double taxation agreement released
In what could be Cambodia’s biggest step forward into the ASEAN Economic Community (AEC) in terms of taxation deals and fiscal
•Thai Siam Commercial Bank targets growth abroad
THAILAND’S Siam Commercial Bank (SCB) plans to open its first branch in China next year as it seeks to grow its nascent international
• Microsoft launches SQL Server 2016 in Brunei
GLOBAL technology giant Microsoft the day for yesterday launched its latest database management platform product in Brunei.
• South China Sea tackled in ASEAN defense ministers meet
Regional security, including the South China Sea disputes, was tackled by defense ministers on the sidelines of the Association of Southeast
• Malaysia's central bank governor lodges police report against WSJ
Malaysia's central bank governor has lodged a police report after the Wall Street journal published an allegedly classified document, according
Updated May 27 2016
The Straits Times Index (STI) ended 29.2 points or 1.05% higher to 2802.51, taking the year-to-date performance to -2.78%.
The FBM KLCI index gained 6.10 points or 0.37% on Friday. The Finance Index increased 0.06% to 14250.52 points, the Properties Index dropped 0.27% to 1144.71 points and the Plantation Index rose 0.07% to 7492.56 points. The market traded within a range of 4.63 points between an intra-day high of 1634.87 and a low of 1630.24 during the session. More
Updated: May 27, 2016
Updated May 27, 2016
With a Dozen Economic Reform Packages under His Belt, Indonesia’s Jokowi Settles In
Last September, almost a year after taking office, President Joko “Jokowi” Widodo released his first installment of policy packages intended to stimulate the Indonesian economy. Focused on improving industrial competitiveness through reducing red tape, the reform package removed 89 business investment regulations and eased the acquisition of licenses, land, and bank accounts.
He has released 11 additional packages—one or more each month—since then, the last of which was announced on April 28. Another is expected soon, with word that his ministers are reviewing a draft that focuses on sector-specific changes. The packages emphasize deregulation, tax incentives, elimination of redundancies, predictability, and harmonization (customs at ports, land use, and currency for payments). More
Duterte unveils eight-point economic agenda, names possible cabinet members. Businessman Carlos Dominguez, a member of president-elect Rodrigo Duterte’s transition team, on May 12 presented the incoming administration’s eight-point economic agenda. Duterte will focus on tax reforms, infrastructure spending, attracting foreign investment, and agricultural development, continuing most of the Benigno Aquino administration’s macroeconomic policies. Duterte on May 16 unveiled several of his picks for cabinet posts. Dominguez, a former agriculture secretary, will serve as finance More