MANILA, Philippines — The government has collected P275.38 billion in taxes from fuel marking, nearly two years since this scheme was implemented, Finance Secretary Carlos Dominguez said. The fuel marking scheme seeks to eliminate the presence of illicit fuel in the market. Under the program, regulators use a chemical identifier to determine which petroleum products […]
Read MoreThe baht opened at 33.35 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.30 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht had not weakened in proportion with the strengthening of the dollar, as exporters […]
Read MoreThailand’s GDP growth may be in a negative territory this year as the intense lockdown measures and the prospect of a protracted pandemic continue to crush the economy, according to Asia Plus Securities (ASPS). The imminent lockdown measures are expected to be as strict as those employed during the second quarter of 2020, pressuring the […]
Read MoreTHE Singapore dollar is poised to outperform its South-east Asian peers as a higher vaccination rate and rising core inflation may spur its central bank to start tightening policy sooner than its regional counterparts. While all South-east Asian currencies have been under pressure against the greenback since the Federal Reserve’s latest “dot plot” brought US […]
Read MoreMANILA: Developing Asia’s economic growth this year will be slightly lower than previously projected, the Manila-based Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries. The ADB said recovery was underway in “developing Asia”, referring to the bank’s 46 members, including China and India, but growth was revised down to […]
Read MoreThe US market topped export destinations for Cambodian products during the first six months of 2021 as the two countries confirmed their commitment to continue strengthening bilateral cooperation, especially in the field of trade. Figures from the Ministry of Commerce for the year’s first semester showed that Cambodia exported $3.019 billion worth of products to […]
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