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Thailand: Auctions today for gas fields worth billions

Auctions were scheduled for today on concessions for the Erawan and Bongkot offshore natural gas fields, Energy Minister Siri Jirapongphan said yesterday. The fields have a combined output topping 70 per cent of all Gulf of Thailand output, he said. Chevron Corp operates the Erawan field and state-owned PTT Exploration and Production Plc runs the […]

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Environmental tax hike to add US$673 million to Vietnam’s public revenue

The Hanoitimes – Viet Dragon Securities Corporation (VDSC) estimated that Vietnam`s headline inflation will rise by 4.1-4.2% year-on-year in 2018. The environmental protection tax (EPT)’s upward adjustment is estimated to add VND15.7 trillion (US$673 million) to public revenue every year, equivalent to 1.5% of total revenue from taxes and fees, stated a report by VDSC.  On […]

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EU palm oil ban bitter for SE Asian farmers

INDONESIAN palm oil farmer Kawal Surbakti says his livelihood is under attack, but the threat is not from insects or hungry orangutans eating his prized crop. Half a world away, the European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the […]

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Malaysian economic growth seen easing

KUALA LUMPUR: Malaysia’s economy is expected to continue growing at a slow rate between November 2018 to January 2019, in view of the current moderate trend, according to the Department of Statistics Malaysia. In a statement titled “Malaysian Economic Indicators: Leading, Coincident and Lagging Indexes June 2018” released yesterday, the department said the monthly change […]

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