SINGAPORE will cease new registrations of diesel cars and taxis from 2025, with all new car and taxi registrations to be of cleaner-energy models from 2030, said Minister for Transport Ong Ye Kung on Thursday. He also announced further revisions to the road tax structure to bring down road taxes for mass-market electric vehicles (EVs). […]
Read MoreMANILA, Philippines — The Philippine Ports Authority (PPA) expects a recovery in cargo traffic this year after volume plunged by 13.5 percent last year, but its return to pre-pandemic levels is not seen in the short term. Cargo volume fell to 230.43 million metric tons last year from 266.42 MMT in 2019, PPA general manager […]
Read MoreThe Hanoitimes – Vietnam is currently home to 100 Swiss firms with a combined investment capital of nearly US$2 billion, including major names such as Nestle, Novatis, Roche, Holcim, and ABB. Given the country’s positive progress in global economic integration, Vietnam holds potential to become new destination for global investors. Vietnamese Ambassador to Switzerland Le Linh […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia maintained the overnight policy rate (OPR) of 1.75% at its monetary policy committee (MPC) meeting on Thursday as latest indicators point to improvements in external demand and continued consumer spending. In its statement on Thursday, Bank Negara said for Malaysia, latest indicators point to improvements in external demand and continued […]
Read MoreWASHINGTON – Singapore’s economy has been ranked the most free in the world this year in the Heritage Foundation’s 2021 Index of Economic Freedom, the second year in a row it topped the list. The Republic scored 89.7 points, with its overall score having increased by 0.3 points from 2020, primarily because of an improvement in […]
Read MoreS&P expects credit recovery this year MANILA, Philippines — S&P Global Ratings expects Philippine banks to build up their lending portfolio again this year after slumping for the first time in 14 years in 2020 due to uncertainties brought about by the COVID-19 pandemic. Nikita Anand, associate director at S&P, said in a webinar that […]
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Thailand
