TEMPO.CO, Jakarta – Head of Fiscal Policy in the Ministry of Finance, Suahasil Nazzara, said that the state revenue decline from the oil and gas sector sparked the urge to push tax revenues. He argues that it isn’t the time anymore to depend on revenues generated by the oil and gas sector. “That era of […]
Read MoreWhile a year has passed since the new government proclaimed “It’s time for change”, there’s no evidence of substantive changes for the private sector. Bureaucracy, lack of policy clarity and political uncertainty have dampened the mood of businesses. One year has almost passed since the new government took office with the slogan that shouts “It’s […]
Read MoreChinese e-commerce giant Alibaba Group plans to set up an electronic logistics hub in Thailand’s Eastern Economic Corridor (EEC) for distribution of its goods to the Asean region, says a senior EEC official. Kanit Sangsubhan, the secretary-general of the EEC Office, said Alibaba’s investment in the EEC will be done through its subsidiary, Lazada Group. […]
Read MorePrime Minister Nguyen Xuan Phuc last month issued Decision No 168/QD-TTg approving a five-year (2016-20) restructuring plan for the electricity sector. Dinh Quang Tri, deputy general director of Electricity of Vietnam (EVN), tells Vietnam News Agency that the plan envisages increased transparency and competition in the sector. What is the role of EVN in the […]
Read MoreHANOI (Reuters) – Vietnam’s economy grew at its slowest pace in three years in the first quarter, government data showed yesterday, as production was weak in agriculture, mining and manufacturing. The General Statistics Office (GSO) said annual growth in January-March was 5.1 percent. That was the slowest expansion for any quarter since the first three […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising closer to the upper end of the two to four percent target until the third quarter due to elevated oil and food prices. BSP Governor Amando Tetangco Jr. said in his speech during the economic briefing 2017 and general membership meeting of the […]
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Thailand
