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Philippines: Government to slash non-infra budget after oil tax freeze

The government may reduce its non-infrastructure spending, once it suspends the second tranche of oil excise taxes, Finance Secretary Carlos Dominguez III said Monday.Dominguez, who leads the inter-agency Development Budget Coordination Committee, said cutting non-infra spending would be an option while the DBCC was looking for contingency measures so that infrastructure spending would not be affected by the […]

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Viet Nam to open electricity wholesale market next year

The competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period. Deputy Minister of Industry and Trade Hoang Quoc Vuongspoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as […]

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