The National Assembly’s Finance and Budget Committee has agreed not to adjust the minimum wage in 2021 and has warned about the pressure on public debt payment. The committee issued a report on inspecting the state budget implementation in 2020; the state budget estimate and the central budget allocation plan in 2021; and the implementation […]
Read MoreMANILA, Philippines — Borrowings secured by the national government ballooned to P2.56 trillion from January to September as it ramped up its debt issuances and loan availments to fund coronavirus response measures, according to the Bureau of the Treasury (BTr). Based on BTr data, the national government’s gross borrowings from January to September surged by […]
Read MoreDeputy Prime Minister Supattanapong Punmeechaow, who is also energy minister, has outlined strategies to boost national revenue next year in a bid to reinvigorate the economy in the fallout of Covid-19. He said the government will continue wooing targeted foreign investors to the much-touted Eastern Economic Corridor (EEC). The EEC has already made progress in […]
Read MorePresident Joko “Jokowi” Widodo called on ministers and regional leaders on Thursday to keep inflation in check and expedite stimulus spending in an effort to boost purchasing power amid the COVID-19-induced economic downturn. The country had to keep inflation at a “balanced point”, Jokowi said, so that businesses could continue their operations while the movement […]
Read MoreLaos is set to begin a fast-track immigration service next week that will allow Chinese nationals to cross the border more easily with shorter quarantine time amid the travel restrictions in place to prevent the spread of Covid-19. Several brand-new measures are expected to be employed to facilitate travel for Chinese nationals while ensuring that […]
Read MoreSINGAPORE is embarking on a trial to import electricity from Malaysia over the next two years, even as the government sets aside about S$50 million to fund research into low-carbon solutions, Trade and Industry Minister Chan Chun Sing said on Monday. The Republic is planning to tap green energy from around the region through regional […]
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Thailand
