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Southeast Asia’s biggest budget carrier plans to turn airasia.com into online mall for travellers

AirAsia, whose website is used by 65 million customers every month, is considering a plan to sell tickets of non-competing carriers on airasia.com, using its size to give online travel agents a run for their money.The Kuala Lumpur-based carrier, Southeast Asia’s largest airline group, which already sells car rentals, accommodation at half a million hotels and serviced apartments worldwide and holiday packages in five regional destinations, thinks it can do a better job of selling these services… Source link

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China’s US$10 budget phone maker seeks fortune in Belt and Road countries

While China’s largest smartphone makers are making a big push to compete against Apple and Samsung Electronics in the industry’s premium market segment, a little-known company in Shenzhen is gunning for millions of consumers around the world with mobile phones priced from US$10.Transsion Holdings has been focused on bringing affordable smartphones and feature phones, handsets with physical keypads and limited functionality, to developing economies since it was founded in 2006. It is a strategy… Source link

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Vietnam 

Tax reform crucial for State budget sustainability – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

People pay tax at a branch of Hà Nội Tax Department. Taxes that Việt Nam may expect to increase in the future include personal income tax, excise duty, natural resources tax and property tax. — VNA/VNS Photo Hoàng Hùng Viet Nam News *Võ Trí Thành Taxes and duties are a very important source of State budget revenue and provide major finance for the Government’s socio-economic development programmes. In Việt Nam, tax revenue is starting to decline while…

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Vietnam 

Bình Sơn Refining becomes PVN’s largest State budget contributor – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Bình Sơn Refining and Petrochemical Co Ltd (BSR) contributed more than VNĐ11 trillion to the State budget in 2018, becoming one of the units under PetroVietnam with the largest contribution to the State budget. BSR is a subsidiary of Việt Nam National Oil and Gas Group (PetroVietnam, PVN) and operator of the US$3 billion Dung Quất Oil Refinery in the central province of Quảng Ngãi – the first oil refinery in the country. According to BSR’s audited consolidated financial statements for…

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Chinese energy giant Sinopec defends 41 per cent increase in oil and gas exploration budget, says guided by market forces

China Petroleum & Chemical, or Sinopec, one of the country’s Big Three state-backed oil and gas producers and the world’s largest oil refiner, sought to allay concerns it was putting an order by Beijing to raise domestic output ahead of profitability.“One of the central government’s requirements for economic reforms is that market forces must play a decisive role when deciding resources allocation,” Dai Houliang, its chairman, said on Monday. “Corporate investment must be based on this… Source link

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Vietnam 

January-February budget revenue rises 18.2 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Budget revenue from import and export activities in January-February was up 16.8 per cent to VNĐ51.5 trillion thanks to growth momentum retained in the period. – Photo baodautu.vn Viet Nam News HÀ NỘI — State budget revenue in the first two months of this year totalled nearly VNĐ246.5 trillion (US$10.6 billion), representing a rise of 18.2 per cent over the same period last year and equivalent to 17.5 per cent of the Government’s target for the full year. Domestic revenue was estimated at VNĐ204.8 trillion, increasing by 19…

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China 

China raises 2019 budget deficit target on promises of tax cuts and infrastructure spending to stem slowdown

China’s government has lifted its 2019 budget deficit target to 2.8 per cent of gross domestic product (GDP) from last year’s 2.6 per cent, giving Beijing more room to step up tax cuts and increase infrastructure spending to stabilise its sagging economy, Premier Li Keqiang said in his annual work report.Business and personal taxes would be cut by 1.3 trillion yuan (US$194 billion) this year, more than the 1.1 trillion yuan in last year’s cuts, the premier said.The government will cut the value… Source link

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Singapore 

What does Singapore PM-in-waiting Heng Swee Keat’s 2019 budget say about an early election?, Singapore News

In the weeks leading up to Singapore’s budget, expectations were running high for Finance Minister Heng Swee Keat’s first major policy speech since being designated as the prime minister in waiting. There was intense talk by economists and analysts that he would use this budget as his platform to launch the election campaign for his party, the People’s Action Party (PAP), in some style. Singaporeans were also looking forward to seeing a huge cash bonus in advance of what would be an early general election this year, ahead of the…

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Singapore 

Singapore Budget 2019: 10 things to know, from Bicentennial Bonus to Merdeka Generation Package, Singapore News

SINGAPORE – Finance Minister Heng Swee Keat’s fourth Budget speech was a wide-ranging and forward-looking one, with a strong focus on building a strong and united nation in the face of global changes. Details of the much-discussed Merdeka Generation Package were released, along with a slew of benefits for Singaporeans young and old as the country marks its bicentennial year. Mr Heng, who delivered his speech in Parliament on Monday (Feb 18), also announced measures to help businesses, workers and families. Curious about what’s in store for you in this…

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Singapore 

Singapore Budget 2019: $1.1b Bicentennial Bonus for Singaporeans, Singapore News

SINGAPORE – To celebrate the bicentennial year, a $1.1 billion Bicentennial Bonus will be shared with Singaporeans, said Finance Minister Heng Swee Keat said on Monday (Feb18). The bonus is part of two initiatives that will be launched to commemorate the year, with the other being a Bicentennial Community Fund. As part of the Bicentennial Bonus, 1.4 million lower-income Singaporeans will receive up to $300 through a GST Voucher cash payouts. The bicentennial payment, which will be received at the end of 2019, is meant to help them with their…

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