Hong Kong rules out tax hikes amid heavy spending
In the medium term, the government will introduce a progressive rating system for domestic properties in 2024-25 to reflect the "affordable users pay" principle.
ECONOMIC AFFAIRS
International conflicts, Covid-19 fuel rise in informal employment: Panel
Although the worst of the threats from Covid-19 have passed, knock-on economic consequences of international rows have driven a “significant and worrisome” number of…
Chinese government seeks to better protect gig workers
A recent analysis by AliResearch, a think tank of Alibaba Group, shows that gig workers in China will number as much as 400 million by 2036.
Higher-than expected GDP outlook for Malaysia despite inflation
For Malaysia, inflation has been averaging at almost 3 per cent year-on-year with food prices being the main factor for its rise.
Rise in number of S’pore businesses that closed in first half of the year
A total of 24,503 business entities ceased operations in the first half of this year, a 3 per cent increase from the same period last yea.
Bongbong Marcos urged to revive Marcos Sr’s oil price stabilization fund
Recently, activist groups have also called for the suspension of taxes on oil products to alleviate the suffering of the poor due to high fuel prices.
Inflation rising but S’pore economy not at risk of overheating: Experts
The Ministry of Trade and Industry now says that the economy will likely grow within the lower half of its 3 to 5 per cent forecast range for 2022.
Indonesia’s logistics costs still high due to trade imbalance in eastern regions
The Transportation Ministry said that ships returning from eastern ports with empty cargo holds remained the core challenge of the sea lane program.
Decision on tourism campaign delayed amid rise in coronavirus cases
The government will decide on the start date of a nationwide campaign to boost tourism after the House of Councilors election.
Thailand’s hotel occupancy tax waived for next 2 years to aid tourism recovery
Prime Minister Prayut Chan-o-cha said the tax waiver would reduce hotel operators' expenses by about 47.35 million baht.