Blowback: Malaysia manufacturers respond to ‘soda tax’ with price rise (video)

Blowback: Malaysia manufacturers respond to ‘soda tax’ with price rise (video)

While Singapore considers whether to place a tax or even an outright ban on sugary drinks, Malaysia is taking action. Faced with Asia’s highest rates of diabetes and obesity the Malaysian government will implement a sugar tax on sweet beverages effective April 1, 2019. The so-called ‘soda tax’, announced as Finance Minister Lim Guan Eng tabled […]

Inbound Philippine foreign investments plummet as industry roars (video)

In a warning sign for the Philippine economy inbound foreign investment pledges in the first quarter of 2018 plummeted to their lowest level in 31 quarters while exports, which remained in the red for the full period, racked up a 6.8 per cent contraction. According to the Philippine Statistics Authority (PSA) inbound Philippine foreign investment […]