Page 4 – ASEAN Economic Community Strategy Center

Philippines: Taxes from fuel marking reach P275 billion in 2 years

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 […]

Thailand: Exporters sale of dollars checks bahts slide despite strengthening US currency

The 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 […]

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Philippines: Taxes from fuel marking reach P275 billion in 2 years

Thailand: Exporters sale of dollars checks bahts slide despite strengthening US currency