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Thailand: Excise tax on salty foods proposed

The government is inching towards the introduction of an excise tax on salty, processed foods, says Finance Minister Arkhom Termpittayapaisith. While declining to specify the date of tax enforcement and tax rates, he said Thais consume more than 3,600 milligrammes of sodium per person daily, higher than the World Health Organization’s recommendation of no more […]

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People fill the petrol into his car  in a petrol station in Kuala Lumpur.
AZHAR MAHFOF/The Star
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Malaysia registers 2.9% inflation in October

KUALA LUMPUR: Malaysia’s inflation rate in October, as measured by the Consumer Price Index (CPI), rose 2.9% from a year ago due to an increase in transport costs as well as prices in other segments including housing, water, electricity, gas and other fuels. For the period of January to October, the country’s CPI grew 2.3% […]

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Philippines: World’s biggest IKEA opens in Manila

Manila: IKEA has opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening on Thursday was feted with an event held at the store’s cafeteria attended by Philippine Trade Secretary Ramon Lopez and Foreign […]

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Laos to Graduate from Least Developed Country Status

The United Nations General Assembly has adopted a resolution that will see the graduation of Laos from the least developed country category. Laos, along with Bangladesh and Nepal, will officially graduate from the least developed country (LDC) category after the UN General Assembly adopted a resolution on the three nations yesterday. According to a statement by the […]

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