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Vietnam secures US$188 million loan to improve connectivity in northwestern provinces

The Hanoitimes – The project will improve the road connectivity between the Noi Bai-Lao Cai Expressway and northwestern provinces of Vietnam, enhancing economic opportunities for some of the poorest people in the project area. The Asian Development Bank (ADB) and the government of Vietnam signed today a US$188 million loan for the Northern Mountain Provinces Transport […]

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Thailand: Retailers upbeat on oil sales

SET-listed oil retailers are very optimistic about the growth of oil sales volume this year amid tough competition in the local market.  Four listed companies forecast 2019 growth of oil sales volume at 3-16% from the year before, with each oil retailer competing via marketing campaigns with new fuel formulas, mileage memberships and non-oil services.  An […]

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Trade barriers stall Asean integration, say experts

ASEAN integration is “not going anywhere” if trade regulations between Asean countries are not reformed, a recent forum heard. “Asean has done very little beyond lowering tariffs between countries,” argued Deunden Nikomborirak, research director in economic governance at the Thailand Development Research Institute (TDRI). Deunden was speaking during a seminar discussion at the “Chevening Annual […]

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Brunei: Consumer Price Index declines by 0.1 per cent

THE Consumer Price Index (CPI) in January 2019 decreased by 0.1 per cent year-on-year compared to January 2018. Prices of Food and Non-Alcoholic Beverages decreased by 0.5 per cent. Meanwhile, Non-Food prices increased by 0.02 per cent. The CPI decrease was largely attributed to decreases in the prices and costs of Furnishings, Household Equipment and […]

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Thailand: Revenue Department targets online vendors

The Revenue Department aims to raise the number of individual taxpayers by 10% this year, with a focus on online vendors outside the tax system.  The country’s largest tax-collecting agency wants to increase the individual taxpayer base by 1 million this year, using data analytics to probe income tax avoidance, said director-general Ekniti Nitithanprapas.  The department […]

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Philippines: Monthly inflation rate finally falls within target in

MANILA, Philippines (Update 2, 10:38 a.m.) — Philippine inflation decelerated for another month in February, bringing the two-month tally near the government’s target range for the year. Consumer-price growth stood at 3.8 percent in February, slower than 4.4 percent recorded in January, the Philippine Statistics Authority reported Tuesday, adding that the latest reading is the lowest since […]

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