Anticipating an electricity shortage, the Ministry of Industry and Trade (MOIT) has asked permission from the Prime Minister to import electricity from Laos and develop transmission lines to bring electricity from Laos to Vietnam. Citing reports of Electricity of Vietnam (EVN), MOIT said EVN has calculated the power capacity in the north in 2022-2025 to […]
Read MoreMANILA, Philippines (Updated 11:34 a.m.) — Inflation in the Philippines slightly eased in August on lower transport costs as global oil prices started to fall, but the pressure on the Marcos Jr. administration and the central bank to tame rapid price increases remains. Inflation, as measured in the consumer price index, accelerated to 6.3% year-on-year, the Philippine Statistics Authority reported […]
Read MoreThe General Department of Taxation (GDT) has sought cooperation from the National Bank of Cambodia (NBC) to take legal actions against the two firms that have been operating as credit operators without registration with the tax administration after the central bank issued a letter of warning late last week, a release by GDT said. GDT […]
Read MoreThailand’s inflation is expected to peak in the third quarter and decelerate in the final quarter, leading the rate for the whole year to move in line with the Commerce Ministry’s 2022 target of 6%. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the inflation rate is expected […]
Read MoreSINGAPORE – E-commerce sales in Singapore are expected to reach US$14 billion (S$19.6 billion) by 2027, despite slower growth seen in 2022 amid inflationary pressures and supply chain disruptions, according to a report released by Facebook parent Meta and Bain & Company on Tuesday. This forecast reflects the continued optimism regarding South-east Asia’s long-term growth […]
Read MoreKUALA LUMPUR: The Purchasing Managers’ Index (PMI) data for August 2022 signalled an eleventh monthly improvement in business conditions across the Asean manufacturing sector. In its Global Asean Manufacturing PMI report, S&P Global Market Intelligence said growth was supported by quicker upturns in production levels and new factory orders. The headline PMI posted at 52.3 […]
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