For a reputable host, i would recommend IPServerOne. https://www.ipserverone.com/cloud-hosting/packages/

Consider cheap and reliable. Works with your budget USD230/year if you pay in yearly... Slightly expensive than iCore, but at least it is some reputable host that I tried before and the performance is good. Support is good too!

If you really really want cheap, DigitalOcean in Singapore is way to go...

Personally I use DigitalOcean for my business production purpose, and also for testing. You can just simply get some referral code to sign up an account and get some free credits (might need to throw in USD5 when starting), then you can go ahead and try out whatever you need. Billing is done hourly, so it can really save a lot for testing purpose.

Latency wise, for Maxis FTTH is perfect around 15~20ms, but for UniFi VIP or BIZ, previously having high spike at night (150ms), but starting last weeks seems to be better which stable at 15-20ms all day long.

You can use my personal use looking glass in Singapore DigitalOcean to test whatever you want to. http://lg.nickyzai.com/

Sign up DigitalOcean here and get $10 if you want to. https://www.digitalocean.com/?refcode=17138030dfad