MANILA, Philippines — The Duterte administration is seen booking the highest share of personal income tax (PIT) collection to the gross domestic product (GDP) after pursuing massive fiscal reforms, according to the Department of Finance (DOF). Finance Assistant Secretary Valery Brion said the contribution of PIT effort averaged 2.4 percent of GDP between 2017 and […]
Read MorePrime Minister Gen Prayut Chan-o-cha has ordered government agencies to find ways of softening impacts on the public of soaring energy prices and present them at Tuesday’s Cabinet meeting. The move comes after Prayut met for talks with Energy Minister Supattanapong Punmeechaow and economic advisers on Friday afternoon, said government spokesman Thanakorn Wangboonkongchana. The Russia-Ukraine […]
Read MoreThe Energy Ministry said on Friday that oil firms in Thailand have been instructed to boost their reserve capacity to 70 days from 60 days to ensure there is enough fuel for domestic use amid the global crisis sparked by the Russia-Ukraine war. Maintaining stability in fuel supply is very important in the current situation. […]
Read MoreThe Lao government is hoping for a trade surplus of at least USD 1.55 billion in 2022, despite the economic challenges caused by the Covid-19 pandemic. According to a recent report from the Prime Minister’s Office, exports are expected to reach 7.6 billion US dollars, while imports will total 6.05 billion US dollars, Vientiane Times reports. […]
Read MoreSINGAPORE: Foreign visitors on short-term visit passes will no longer have their passports stamped when they enter Singapore, the Immigration & Checkpoints Authority (ICA) said on Friday (Mar 11). They will be issued with electronic visit passes (e-Passes) in lieu of inked endorsements. The move is “part of ICA’s efforts to provide a more secure, safer and more […]
Read MoreMany parts of Myanmar are suffering worsening power cuts that are affecting water supplies and halting online classes, compounding the misery for residents following the economic turmoil since the military seized power last year. Photographs on social media showed people queuing for water from a tanker truck in several Yangon districts. “Every day I’m worried […]
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Thailand
