Fiscal

Fiscal

Fiscal is a section of Politics on investvine.com
Malaysia expects to write off up to 70% of 1MDB losses

772
Malaysia’s finance minister Lim Guan Eng said that authorities have reason to believe that up to 70 per cent of the misappropriated money from...
Philippine president seeks advice as country faces mounting economic troubles

736
Philippine President Rodrigo Duterte, who previously had confessed his inadequacy on economic issues, is seeking help from people more fit in the subject. The...
Thailand seeks to lure more electric vehicle makers

1064
Thailand’s Board of Investment (BOI) has announced new packages and privileges for electric vehicle companies to establish operations in the Eastern Economic Corridor, a...
Malaysia axes Chinese-backed pipeline projects worth $3-billion

934
The Malaysian government has finally decided to cancel three China-backed pipeline projects after halting work on them, The Financial Times wrote. The report said...
Vietnam orders military hardware from Russia for $1 billion

955
Vietnam has placed orders for Russian weapons and military services worth more than $1 billion, Russia’s state news agency TASS reported, according to Reuters.  “We...
Malaysia raises minimum wage to 1,050 ringgit per month

1773
The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one...
Indonesia stops energy projects worth $25 billion as rupiah hits 20-year low

952
Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in...
Kuala Lumpur-Singapore high-speed railway postponed for two years

832
Malaysia and Singapore agreed to postpone the development of a high-speed rail service between the two countries by two years, Malaysian business weekly The...
Malaysia’s taxman is back knocking for a share in sales and services

775
Malaysia will re-impose a tax of between five per cent and ten per cent on the sale of goods, while services will attract a...
Thai central bank to issue state-backed digital money

764
The central Bank of Thailand (BoT) revealed on August 22 plans to introduce a state-issued cryptocurrency on R3’s Corda blockchain. The move signifies the...
Malaysia shelves Belt and Road projects with China

768
Malaysia has cancelled two multi-billion dollar projects that were part of China’s ambitious Belt and Road project, with Prime Minister Mahathir Mohammad saying that...
Dili_East-Timor_Arno-Maierbrugger-34

1027
Dili, the capital of the fifth-youngest nation on earth, East Timor, is an odd place within Southeast Asia for people used to the hustle...
Myanmar set to turn into major gold exporter

1233
Myanmar`s Ministry of Commerce is in the process of officially removing a regulation that prevented traders to export gold for more than five decades,...
Trump backs boycott of Thai-made Harley-Davidson bikes

770
In what is probably a first in US history, an acting president publicly supported calls for a boycott of a US product, and, with...
Vietnam’s economic miracle unabated – new “tiger” is born, report says

1132
A latest commentary by Qatar National Bank (QNB) on Asian economies stated that Vietnam has become one of Asia’s, as well as the world’s...
Laos’ main airport got huge expansion despite weak visitor numbers

1038
The international terminal of the airport serving the Laotian capital of Vientiane, Wattay International Airport, can now accommodate as many as 2.3 million foreign...
Philippine GDP growth drops to three-year-low

856
Economic growth in the Philippines slowed to six per cent during the second quarter of the year, the Philippine Statistics Authority said on August...
Malaysia’s ex-PM Najib faces 125 years jail time if found guilty on all 1MDB charges

1747
Former Malaysian prime minister Najib Razak could be jailed up to 125 years and fined a total of 210 million ringgit ($51.6 million) if...