MANILA, Philippines — Moving up the ladder toward an upper-middle income country status by end-2022 may be an empty achievement as the economy remains fragile and the labor market has yet to recover. Research and advocacy group IBON Foundation said the government’s target to upgrade to an upper-middle income country by the end of the […]
Read MoreA report on the competitiveness of the Vietnamese automotive industry released in late 2021 shows that in the 2017-2019 period, the top manufacturers of cars with less than 9 seats were foreign brands. In 2017, Toyota Vietnam was the market leader with 31.2% market share; followed by Truong Hai Company with Kia, Mazda, and Peugeot […]
Read MoreBANGKOK, Feb 14 — The Thai government is planning to reopen Thailand-Malaysia border in March to boost tourist arrivals, as Malaysian tourists have been the largest group of visitors to Thailand before the Covid-19 pandemic. The Centre for Covid-19 Situation Administration (CCSA) and Tourism Emergency Operation Centre (EOC) has been ordered to prepare and outline […]
Read MoreThe Vientiane Economic Zone Management and Development Committee plans to continue monitoring project rollout and improve facilities in Laos’ economic zones this year. The committee will also work to improve One Door services, oversee the construction of a Buddha image in the Thatluang Special Economic Zone, and build a container yard at the Saysettha Development […]
Read MoreMany transportation firms are struggling to keep the business afloat and retain passengers at the same time. Petroleum prices surpassed an eight-year high of VND25,000 per liter (US$1.10), which pile up further hardship for businesses and people that are still struggling to recover from the pandemic impacts. Le Van Hien (Hanoi), a taxi driver at […]
Read MoreThe Finance Ministry is expected to propose cutting the excise tax on diesel to the cabinet on Tuesday, in a bid to ease the impact on the cost of transport, a ministry source said on Monday. Finance Minister Arkhom Termpittayapaisith and Energy Minister Supattanapong Punmeechaow had discussed the proposal, as high oil prices are affecting […]
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