MANILA, Philippines — The Philippine economy expanded at a slightly faster pace of 5.7 percent last year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said the country’s gross domestic product (GDP), a measure of economic output, grew by 5.7 percent for the full year 2021. This is slightly higher than the 5.6 percent […]
Read MoreChina has committed to many regional development projects under the Belt and Road Initiative and the LMC with the Mekong-Lancang countries. Thong Mengdavid, a research associate of the Mekong Center for Strategic Studies at the Asian Vision Institute, a think tank in Phnom Penh, told China Daily that China has committed to many regional development projects under […]
Read MoreSome localities have not strictly followed procedures when auctioning land. In some cases, information has leaked out and collusion between organizers and auction participants has occurred. Deputy Minister of Natural Resources and the Environment Le Cong Thanh said at a Government press conference on April 4 that over the last two years, the Covid-19 pandemic […]
Read MoreAn extension of the Laos-Thailand Railway between Thanaleng Station and inner Vientiane is expected to be complete by June this year. An update on the 7.5 km track was delivered at a recent public works and transport sector annual meeting, Vientiane Times reports. While the current Laos-Thailand Railway remains a short 3.5-kilometer track linking Nong Khai Province […]
Read MoreThe Thailand Industry Sentiment Index (TISI) rose to 89.2 points in March, the highest in 25 months, while the mood in April should be improved by the Songkran festival, says the Federation of Thai Industries (FTI). Entrepreneurs are increasing their production to serve customers as demand for goods is expected to grow during the five-day […]
Read MoreMANILA, Philippines — The government’s top two revenue offices have forfeited an average of P1.67 billion in taxes due to the illicit trade of cigarettes, but a legislator warned authorities have yet to infiltrate the P26-billion market for fake tobacco. Bureau of Internal Revenue (BIR) director Beverly Milo yesterday said the agency recorded tax losses […]
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