From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry in silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
As with other business process outsourcing (BPO) and business process management (BPM) centres around the world, the Philippines is gearing up to face the significant challenges and opportunities presented by recent advances in automation. The IT-BPO industry in the Philippines generated $24.7bn in revenue in 2018, with call centres accounting...
After nearly eight months of deliberations in Congress, the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) bill was approved by lawmakers in September 2018. The government’s Comprehensive Tax Reform Programme seeks to reduce the corporate income tax (CIT) rate starting in 2021 from the current 30% to 20% by 2029....
While real estate investment trusts (REITs), or publicly listed stock corporations that own income-generating real estate assets, have been notionally possible since the REIT Act of 2009, no asset of this type has been established. However, this is set to change as local real estate firm Ayala Land announced in April 2019 that it will raise...
The year 2018 marked the first anniversary of ASEAN’s inaugural bond issue under the organisation’s common Green Bond Standards (GBS) – a RM2bn ($480m) issue by the Malaysian government-controlled asset manager, Permodalan Nasional. Since then, the green bond market in Asia Pacific has won many accolades, with 2018 seeing the region record the...
The administration of President Rodrigo Duterte has shown a clear preference for using a mix of public funds and official development assistance (ODA) to finance its Build, Build, Build infrastructure programme. While the government has a list of projects in mind to better connect and modernise the country, the area of transport infrastructure...
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