The Ministry of Commerce on May 25 issued regulations designed to relax Myanmar’s decades-old ban on alcohol imports. The ministry’s “Guidelines for the Importation of Foreign Liquor” allows foreign spirits with the cost, insurance and freight value of US$8 or above to be brought in from Yangon ports and the Yangon International Airport. “Before, alcohol […]
Read MoreChina this month started testing its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), putting pressure on Vietnam to research cryptocurrency in the context of international integration. Commenting on the move, Bao Dau Thau (Bidding) online newspaper quoted Nguyen Tri Hieu, a banking and financial expert, as saying that digital currencies were a […]
Read MoreTwo new confirmed COVID-19 cases in Cambodian have revived the fear of a “second wave” of the virus affecting local businesses – many of which had just begun to reopen over the past month. In response, Prime Minister Hun Sen has advised the public, yet again, to stay away from crowded places to prevent the […]
Read MorePatchara Anuntasilpa, head of the Excise Department, hinted he personally supports automakers’ tax cut proposal to boost domestic demand, saying it could be a win-win for all. Against the backdrop of a reeling economy, consumers will not purchase new cars if prices are not reduced, which hurts excise revenue, he said. “New assembled cars sitting idle […]
Read MoreThe Central Bank of Myanmar (CBM) instructed banks nationwide to install an alarm bell system at their branches similar to those used internationally to beef up security. Arrangements are being made to inform the banks to install security alarm systems like those in other countries, said U Soe Min, vice governor of CBM. “We have […]
Read MoreEleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]
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Thailand
