While the reduced environmental protection tax lowered petrol prices from April 1, most transport enterprises are struggling. Retail petrol prices fell by more than 1,000 VND per litre following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance. Accordingly, the retail price of RON95 bio-fuel dropped by 1,039 VND […]
Read MoreMANILA, Philippines — Headline inflation will hover around the four percent level for the rest of the year and is not expected to significantly breach the central bank’s target, a global think tank said. In its latest economic monitor, Pantheon Macroeconomics said the risk of runaway inflation or hyperinflation in the Philippines remains minimal, even […]
Read MoreThe cabinet has approved an extension of a 25% corporate tax exemption for bio-plastic industry companies in order to promote Thailand as an Asean bio-hub. Rachada Dhnadirek, the deputy government spokeswoman, said the cabinet approved the proposal to extend the tax exemption until 2024. The government is projected to lose 673 million baht in revenue […]
Read MoreDespite the challenges of Covid-19, local apparel and textile suppliers have cut energy and water consumption through a range of sustainable solutions under an IFC program. The program aims at increasing resource efficiency and reducing operating costs. As part of the IFC’s Cambodia Improvement Program, ten suppliers with cut-and-sew and garment-washing operations implemented resource efficiency […]
Read More“We are losing in the home market. Hotel owners feel pain when having to pay commissions of 30 percent to foreign companies,” said Ngo Minh Duc, founder and president of GOTADI. Duc spoke at a workshop on digital transformation in the tourism industry held on April 2, within the framework of VITM (Vietnam International Travel […]
Read MoreA sharp rise in the prices of goods and services following higher costs for production, energy, imported materials and logistics has prompted the Commerce Ministry to raise its forecast for headline inflation to 4-5% this year from a previous estimate of 0.7-2.4%. The new projection assumes GDP growth of 3.4-4.5% this year, an average Dubai […]
Read More
Thailand
