MANILA, Philippines (Updated 10:50 a.m.) — Consumer price growth in the Philippines resumed its downtrend in June to post the slowest rate since September 2017, the government reported Friday, giving the Bangko Sentral ng Pilipinas more space for further policy easing. Inflation stood at 2.7% in June, slower than the pace recorded in May that saw price […]
Read MoreThe China-Laos railway will create thousands of local jobs when the project becomes operational in 2021, a Lao government official said. Accordingly, the Lao government is planning to build a Lao railway vocational technical college with assistance from China to train and supply professional railway personnel. Lao Deputy Minister of Education and Sports Kongsy Sengmany […]
Read MoreTaxpayers are being encouraged to pay their dues electronically via commercial banks as part of its efforts to plug financial loopholes, the Ministry of Finance has announced. Deputy Prime Minister and Minister of Finance, Somdy Duangdy, told Lao media recently that the government has introduced several electronic channels to make it easier for people to […]
Read MoreIn a tremendous push towards sustainable development, Myanmar has finally raised its long-subsidised power tariffs, which took effect on July 1. The move is a daring one, with the NLD-led government likely to lose its popularity just a year before the next General Election. On the flipside, the risk is worth taking given the potential […]
Read MoreIndonesia’s coal price reference (HBA) dropped by 11.73 percent to US$71.92 per metric ton in July from $81.48 per metric ton in the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said on Thursday that the decline was due to external factors, particularly a production increase in China, import cuts by India and […]
Read MoreImports of plastic and electronic waste have declined sharply after the government curbed imports of foreign waste, says the Customs Department. Plastic waste imported to Thailand fell to 174,000 tonnes during the five months to May from 571,000 tonnes for the full year of 2018, while e-waste import volume plunged to 12,200 tonnes in the […]
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