Laos and China will partner in the area of plant protection and green crop standards after government officials signed an agreement in Vientiane on January 23. The two sides agreed to work together in the fields of agricultural science and technology, especially in national plant protection networks. The agreement was signed by Laos’ Deputy Minister […]
Read MoreThe Finance Ministry will soon seek cabinet approval to temporarily raise tax-deductible expenses for the minimum wage paid to employees to 1.15 times from 1 at present, an adjustment that can absorb employment costs of 9-10 baht a day per employee if it wins the nod, says Finance Minister Apisak Tantovorawong. The government will lose […]
Read MoreThe General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol. Following the GDT’s annual meeting in Phnom Penh yesterday, Vibol told reporters that the government expected to collect $1.71 billion, but […]
Read MoreThe government is planning to work with the private sector under a public-private partnership (PPP) to upgrade the Yangon-Nay Pyi Taw-Mandalay Highway, which is used by 16 million travelers annually, said U Kyaw Lin, Deputy Minister of Construction. “We are discussing options such as applying for foreign loans as well as working together with the […]
Read MoreMANILA, Philippines — The Philippines may impose up to 50 percent duty on imported rice as lawmakers finalize the amendments to the Agricultural Tariffication Act, which replaces quantitative import restrictions with tariffs. Sen. Cynthia Villar, who chairs the Committee on Agriculture and Food, said lawmakers would likely consider up to 50 percent rice tariff, based […]
Read MoreBank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent at the Monetary Policy Meeting (MPC) as it decides to normalise the degree of monetary accommodation amid the economy being firmly on a steady growth path. “The floor and ceiling rates of the corridor for the […]
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Thailand
