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Thailand: Refineries hit back at tax

A proposal to temporarily charge a tax on the oil refinery margin appears to be a last-ditch effort by the government to control soaring energy prices, but major refineries question the move aimed at trimming some of their profits. Thai Oil Plc (TOP) and IRPC Plc insisted the refinery margin, which is based on prices […]

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Reopening to see Thai employment rate rocket this year

The country’s reopening and a push for economic recovery is expected to generate double-digit growth in the country’s employment rate this year, according to job search platform JobsDB. IT, engineering, digital marketing professions and those with skill sets to support the creation of the metaverse are in short supply, despite an increase in their salaries, […]

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Indonesia: Consuming Local Products Strengthens the Economy, Says Sri Mulyani

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati in her acceptance speech at the Lagawi Festival on Thursday said small and medium industries have become one of Indonesia’s economic backbone. She mentioned that the higher the consumption of local products, the stronger it will be for Indonesia’s economy.  “The higher the local product consumption, it will strengthen our economy and […]

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Malaysia: Johor’s manufacturing investment value rises

PETALING JAYA: Johor’s manufacturing sector recorded an investment value of RM2.24bil from January to March this year. State Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han said the value of investments in the services sector for the same period was RM23mil. “This value shows an increased rate of almost 30% when compared to […]

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