The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months. According to Deputy Finance Minister Nguyen Duc Chi, recent developments have shown that the petroleum market continues to […]
Read MoreLAOS with dwindling cash reserves and surging inflation is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments. Fuel shortages across the South-east Asian country of 7.5 million people is the latest sign of distress, the result of elevated oil prices and a plunging currency. Most […]
Read MoreTourism will be the key engine supporting Thailand’s economic recovery, replacing the slowing export sector, says the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank. The EIC has upgraded its forecast for foreign tourist arrivals in 2022 to 7.4 million, up from 5.7 million, but the number is still far below the […]
Read MoreCambodia and Thailand have stepped up trans-border investment to underpin economic activity between them, as both countries roll back entry restrictions following improvements in Covid-19 metrics, and while benefiting from provisions of a bilateral double tax avoidance agreement (DTA). The foreign and finance ministries, in collaboration with the former’s Thai counterpart, organised a seminar on […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said cutting infrastructure spending would narrow the budget deficit in the short term, but may harm economic recovery and industrial competitiveness in the long term. DOF chief economist Gil Beltran said yesterday the government could slash its budget gap in the medium term by tightening its belt […]
Read MoreVietnam jumped six notches to 89th in the cost of living index rankings for 2022 with 37.48 points, as compiled by Numbeo. The list calculates that the cost of living index in Ho Chi Minh City stands at 39.01 points, the highest nationwide. Indeed, a family of four typically spends VND40 million a month, excluding […]
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