Apple iPhone assembler Pegatron Corp has recently unveiled its expansion plan in other countries including Vietnam due to COVID-19 restrictions in China, according to Reuters. “We faced COVID controls for two months. We couldn’t have assessed that in advance, so that makes me emphasise our expansions in Vietnam, India, Indonesia, and North America, to solve […]
Read MoreThe energy sector accounted for 58.8 per cent or BND11 billion of the country’s total GDP in 2021, according to a data recently released by the Department of Economic Planning and Statistics, Ministry of Finance and Economy (MoFE). Of this number, the oil and gas upstream sector contributed to 49.6 per cent, whereas the downstream […]
Read MoreThe Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates. The value of the national currency has nosedived since the end of March, the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told National […]
Read MoreMANILA, Philippines —Tobacco officials understand why the government targets the industry every time it needs extra cash. They said cigarettes are viewed as low-hanging fruits that can be picked any time. After all, taxing tobacco feels fair and just due to its proven damage to public health. The Department of Finance even wants the next […]
Read MoreThe baht opened at 34.85 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.02. The currency is expected to move in a range between 34.70 and 34.90 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is likely to fluctuate during the day. It strengthened as the dollar […]
Read MoreCambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said. “As of [March 31], including the old debt, the [government] has a total public debt […]
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Thailand
