MANILA, Philippines — The suspension of the fuel excise tax would cut into the government’s revenue collection and force more borrowings, causing the national debt to spiral to over 61 percent of the economy, the Department of Finance said. In its analysis, the DOF said the budget deficit would rise to 8.2 percent of gross […]
Read MoreSiem Reap is planning a low-key event in mid-April to celebrate the Khmer New Year, seen by some as a pivotal piece in its efforts to revitalise the tourism sector and the broader economy of the province, according to the provincial administrative chief. Even so, Siem Reap Provincial Administration director Sun Chamnan told The Post […]
Read MoreThe baht opened at 33.34 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.38. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.25 and 33.45 during the day. Poon said the baht might swing sideways and even strengthen as the currency market was open to more risks, […]
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