MANILA, Philippines — Tariff collected from rice imports grew by 14 percent to more than P8 billion in the five months to May, closing in on the yearly P10-billion target for the Rice Competitiveness Enhancement Fund (RCEF) intended for palay farmers. In a report, the Bureau of Customs (BOC) said revenue from rice imports went […]
Read MoreExperts have pointed out that many localities accept small-scale foreign-invested projects which don’t have much significance to the localities, and allocate too much land to these projects. The Ministry of Industry and Trade (MOIT) has submitted to the government a report on solutions to promote supporting industries as stipulated in Resolution 115/NQ-CP. The ministry said […]
Read MoreTHE rising inflationary pressure both globally and domestically has certainly stolen the limelight in recent weeks. Despite the implication on policy developments, large segments of the low and middle-class population are grappling with the increasing prices of goods and this has eventually threatened consumer spending and increased the cost of living. Costlier raw materials, supply […]
Read MoreThai exports are projected to eke out growth this year as expected, despite emerging signs of an economic slowdown in the US and EU. Chaichan Charoensuk, president of the Thai National Shippers’ Council (TNSC), said he remains confident outbound shipments will grow as projected because China’s economy remains in good shape and Thai exports are […]
Read MoreThe Bank of Thailand estimates the global economy will slow down next year, but not dip into recession amid attempts by central banks worldwide to contain higher inflation rates. The central bank’s assistant governor for monetary policy group, Piti Disyatat, said in an analyst meeting on Monday the global economy is expected to show clearer signs […]
Read MorePETALING JAYA: Malaysia’s total subsidies, which is set to hit a record high of nearly RM80bil this year, will come at a necessary cost as the government strives to curb the rising cost of living. Given the current economic environment, Malaysia University of Science and Technology professor Geoffrey Williams said the need to increase subsidies […]
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