MANILA, Philippines — The Philippines is seeking the assistance of Korea in the development of the country’s electric vehicle industry as the country prepares to go full speed with its public utility vehicle (PUV) modernization program. Officials of the Electric Vehicle Association of the Philippines (EVAP), together with high-level Department of Trade and Industry officials, […]
Read MoreLight vehicle sales in Asean are expected to show healthy growth this year, led by a rosier outlook for Thailand, but there are gloomier prospects for other key markets, according to research firm LMC Automotive. LMC reported sales across the region rose by 3% to 829,307 units in the first quarter, counting only passenger cars and […]
Read MoreThe Hanoitimes – Tax on houses valued at more than VND700 million (US$30,800) will not be applied at least in the next two years as the property tax law is still being studied, Nguyen Van Phung, director of the General Department of Taxation’s large-sized enterprises division, said. According to Phung, the property tax proposed by the […]
Read MoreFollowing a robust first-quarter performance, the National Economic and Social Development Board (NESDB) on Monday raised its economic growth forecast to 4.2-4.7% this year from 3.6-4.6% in February. Wichayayuth Boonchit, deputy secretary-general, said the growth will be largely supported by an improvement in global economic growth and rising international commodity prices, driving exports of goods […]
Read MoreKUALA LUMPUR: Malaysia’s annual inflation rate is expected to have risen to 1.6 percent in April, accelerating slightly from the previous month, a Reuters poll showed on Monday. Inflation was likely kept in check by steady fuel prices and a higher base in the year-earlier period, offsetting higher food costs, economists in the survey said. […]
Read MoreThe Central Bank of Myanmar (CBM) has issued a license to Myanmar Credit Bureau Limited, allowing it establish a credit bureau in the country, according to a May 17 CBM announcement. Myanmar Credit Bureau, a joint venture between the Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings, will collect information on loan repayment histories […]
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Thailand
