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International Companies Struggle to Get Dollars in Myanmar

Foreign companies in the country are grappling with an increasing shortage of U.S. dollars, with the military government’s unpredictable foreign currency regulations putting their business operations at risk.  Foreign companies in Myanmar need US dollars to pay offshore vendors for the supply of raw materials and commodities. However, since the military seized control in February […]

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Thailand: Diesel tax cut likely to be extended

The Finance Ministry is expected to ask the cabinet to extend the diesel excise tax reduction until the end of this year to ease people’s living costs, according to a ministry source who requested anonymity. The source said the ministry is considering the details of maintaining the existing diesel excise tax reduction of 5 baht per […]

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Thailand: Cooking gas price cap remains

The Energy Policy Administration Committee (Epac) has decided to continue to cap liquefied petroleum gas (LPG) at 24.87 baht per kilogramme until the end of October to ease the living costs of cooking gas users. The move causes authorities to subsidise the LPG price by 7.87 baht per kg, using money from the state’s quickly dwindling […]

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