Indonesia Morning News For July 27

Indonesia Morning News For July 27

Government to revoke Freeport license over failure to build smelter Indonesias Energy and Mineral Resources Ministry would revoke the concentrate export license for PT Freeport Indonesia, if the giant mining company failed to finish the construction of the mineral smelter facility within five years. — Antara News Indonesian parliament passes law to chase tax evaders […]

Philippines Morning News For July 27

Philippines Morning News For July 27

Philippines to remain fastest growing economy in region: Fitch The Philippines will likely remain the fastest growing economy in Southeast Asia for the next five years, Fitch Ratings said in its report “Asia Pacific Sovereign Overview 3Q17” released on July 25. — ABS-CBN Duterte renews his anti-West, pro-China views Philippine President Rodrigo Duterte delivered his […]

Thai Startup Siam Organic Takes Home The Chivas Venture 2017 Crown

Thailand startup venture Siam Organic Co, Ltd., (Siam Organic) has taken home the star prize from the third prestigious Chivas Venture 2017 startup business model contest held in Los Angeles, USA, last week, and along with it US$400,000 (about Bt13.392 million) in prize money. The company fought off challenges by entries from 30 competitors to […]

Indonesia Morning News For July 26

Indonesia Morning News For July 26

World Bank: Indonesia needs $500 bln in 5 yrs to plug infrastructure gap World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly double its public spending on infrastructure and bring in more private investment to fill an infrastructure gap of $500 billion in the next five years. — Reuters […]

Philippines Morning News For July 26

Philippines Morning News For July 26

Philippines buys 250,000 tons of rice to boost stockpiles THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as it rushed to boost thinning state stockpiles. — BusinessWorld Online PH gov’t told to pay Maynilad over P3B for delayed tariff hike […]

Indonesia Morning News For July 25

Indonesia Morning News For July 25

Alibaba in talks to pick up stake in Indonesia’s e-commerce major PT Tokopedia China’s e-commerce giant Alibaba Group Holding Ltd is in talks to make a significant investment in one of Indonesia’s largest online retailers, PT Tokopedia, according to three people aware of the development. — Deal Street Asia Mitsubishi Set to Manufacture 80,000 New […]

Philippines Morning News For July 25

Philippines Morning News For July 25

MPIC mulls P20-B Cavitex-Port Area expressway The tollway arm of Metro Pacific Investments Corp. (MPIC) is planning to propose a P20-billion expressway project to connect the Manila-Cavite Toll Expressway (Cavitex) to the Port Area. — The Philippine Star DOT: Revenues hit P220 B in first year Tourism revenue rose to P220.30 billion during the first […]

Thailand English-language News For July 24

In Thailand English-language News for July 24, 2017, Newsline presenter Cholaphansa Narula tells us about: 00:39 | The Abbot of Wat Khae Nok, Phra Khru Sri Sitthikan and the deputy governor of Nonthaburi, Chonlathi Yangtrong, on Sunday presided over the mass ordination of 77 students of Anurat Prasit School to mark the July 28 birthday anniversary of King […]

Indonesia Morning News For July 24

Indonesia Morning News For July 24

Finance Ministry advised to reconsider plan to adjust untaxed income The Indonesian Finance Ministry should reconsider its plan to adjust the limit of non-taxable income as the proposed threshold is too high, an observer said. — Antara News Indonesian cattle cruelty exhibited at class action trial DAY three of the Indonesian live cattle ban class […]

Philippines Morning News For July 24

Philippines Morning News For July 24

CTA junks P292-M tax demand vs energy firm THE COURT of Tax Appeals (CTA) has ordered the cancellation and withdrawal of the Bureau of Internal Revenue’s (BIR) P292-million tax assessment against energy and power firm Conal Holdings Corporation over the lack of legal and factual bases. — BusinessWorld Online PAL sets aside $2 B for […]

Indonesia Morning News For July 21

Indonesia Morning News For July 21

Exemption of Oil & Gas Exploration Tax for Those Wanting to Invest in Indonesia The Ministry of Energy and Mineral Resources exempts oil and gas exploration taxes for those who want to invest in Indonesia. — Netral News Tax DG: Tax Compliance in Indonesia Remains Low The Tax Directorate General (Tax DG) at the Finance […]

Philippines Morning News For July 21

Philippines Morning News For July 21

ADB hikes ’17,’18 growth forecasts for PH The Asian Development Bank has raised its gross domestic product (GDP) growth forecasts for the Philippines for this year and next year, with the country expected to lead economic expansion among emerging Asean economies. — Philippine Daily Inquirer Manila kidnap case: S’poreans more wary on trips to Philippines […]

Indonesia Morning News For July 20

Indonesia Morning News For July 20

Indonesia Struggles to Fire Up Its Economy Indonesia is at an impasse with the central bank and the government running out of policy space to fire up the economy. — Bloomberg BNI Syariah disburses Rp 168b loan for new Transjakarta buses The sharia subsidiary of state lender Bank Negara Indonesia (BNI), BNI Syariah, has disbursed […]

Philippines Morning News For July 20

Philippines Morning News For July 20

Customs collections up 21% to P211.8B in first six months The Bureau of Customs posted a measly increase in its collection of import duties and other taxes in June, thus missing its target for the month. — Philippine Daily Inquirer Crackdown still on, but LTFRB in a rush to OK 11K cars The Land Transportation […]

Indonesia Morning News For July 19

Indonesia Morning News For July 19

Indonesia shrugs off China’s protest over North Natuna Sea’s name Indonesian Maritime Affairs and Fisheries Minister Susi Pudjiastuti has given China the cold shoulder over its protest against Indonesia’s move to rename the South China Sea (SCS) waters that lie within Indonesia’s exclusive economic zone (EEZ) north of Natuna Islands the “North Natuna Sea.” — […]

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