MANILA, Philippines — The government may cut the budget deficit to as low as 3.2 percent of gross domestic product (GDP) by 2025 if it pursues the consolidation plan proposed by the Department of Finance. DOF chief economist Gil Beltran said yesterday the next administration can narrow the budget deficit to pre-pandemic levels if it […]
Read MoreTransportation of goods to and from Cambodia has significantly improved since the government decided to reopen the economy in November 2021 after the Covid-19 shutdown. Sin Chanthy, president of Cambodia Freight Forwarders Association, told Khmer Times that the country’s export-import shipments have increased this year due to unhindered transportation but shipping costs have also gone up between […]
Read MoreJAKARTA, June 8 (Reuters) – Indonesia’s parliament is proposing the inclusion of coal-based energy and nuclear as “new energy” sources in a draft of a new bill reviewed by Reuters, which also proposes renewable energy compensation and incentives. The draft bill, which will be put forward for discussion with the government, also proposes a so-called […]
Read MoreThe government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves. Prime Minister Phankham Viphavanh on June 6 signed a decision appointing the eight-member taskforce, which is chaired by the Deputy Prime Minister in charge of economic affairs, Dr Sonexay Siphandone. Minister of […]
Read MoreThe law governing the reduction of the electric vehicle (EV) excise tax from 8% to 2% will take effect on June 9, according to the Excise Department. Department spokesman Nattakorn Utensut said the Council of State finished vetting the law and Finance Minister Arkhom Termpittayapaisith already signed it into law. The law will be published […]
Read MoreMalaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs. “The target is to ensure that those who need subsidies, will get the subsidies,” Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed said in an interview with […]
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Thailand
