The business sector is expected to postpone product price hikes for three months after the Cabinet approved a move to reduce the excise tax for diesel fuel by 3 baht per litre for three months, Thai Chamber of Commerce vice president Wisit Limleucha said on Wednesday. ACabinet meeting on Tuesday approved a proposal by the […]
Read MoreKUALA LUMPUR: The Institute for Democracy and Economic Affairs (Ideas) believes that the inflationary pressures and price hikes that Malaysia is facing is temporary and can be effectively controlled through proper monetary and fiscal policies. According to the Statistics Department, the country’s inflation rate (as measured by the Consumer Price Index) increased 3.2% year-on-year in […]
Read MoreSINGAPORE has held the forecast for key exports in 2022, in the wake of downgrades to international economic and trade growth forecasts. The latest update came even as non-oil domestic exports (NODX) expanded by 12.1 per cent year on year in 2021, beating official estimates of a 9.5 per cent to 10 per cent increase. […]
Read MoreIf petroleum prices continue escalating, Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilization fund. Asked why on February 11, 2022 (and not February 1 as expected), the Ministry of Industry and Trade (MOIT) adjusted petroleum prices, Tran Duy Dong, Director of the MOIT’s Department of Domestic Market, […]
Read MoreThe value of bilateral trade between Laos and Cambodia jumped from US$10-20 million previously to more than US$100 million in 2020. The surge in trade growth was revealed when Lao Minister of Foreign Affairs Mr Saleumxay Kommasith paid an official visit to Cambodia and attend the Asean Foreign Ministers’ Retreat in Phnom Penh from February […]
Read More2nd fastest in ASEAN MANILA, Philippines — Moody’s Analytics has upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5.6 percent to 6.2 percent this year as the country continues to recover from the impact of the pandemic. This will make the Philippines the second fastest-growing economy in the Association of Southeast […]
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Thailand
