Laos will shortly begin supplying Singapore with electricity under the Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). Vientiane Times reported on Monday that a total of 100 MW will be supplied by Laos to Singapore as a trial run. The power purchase agreement was signed in Vientiane Capital on Friday by Managing Director of the Lao state-owned Electricite du […]
Read MoreThis marked the seventh price hike since April 21. The retail prices of biofuels E5-RON92 rose by VND190 to VND31,300 per liter (US$1.35) and RON95 by VND500 to a record high of VND32,870 ($1.42) from 3:00 pm today [June 21]. RON95 currently makes up 70% of the total amount of consumed petroleum products in the […]
Read MoreDespite the continued efforts by the National Bank of Cambodia (NBC) to promote the use of riel (KHR), the level of dollarisation in the country still remained over 80%, according to the Financial Stability Report 2021, released by the central bank recently. This level of dollarisation limits the NBC’s role in influencing money supply and […]
Read MoreThe cabinet on Tuesday approved extending the existing measures for three months devised to alleviate the hardship of low-income earners from the surge in oil prices. The measures were scheduled to expire at the end of this month. According to Prime Minister Prayut Chan-o-cha, the government needs to extend the aid measures to low-income earners […]
Read MoreMANILA, Philippines — Revenue collectors have raised more than P453 billion worth of taxes through the fuel marking program by reinforcing their combined efforts against potential oil smuggling. Finance Secretary Carlos Dominguez said yesterday the Bureau of Customs and the Bureau of Internal Revenue (BIR) added P453.43 billion to state coffers through fuel marking as […]
Read MoreThe baht opened at 35.25 to the US dollar on Wednesday, strengthening from Tuesday’s close of 35.32. The currency is expected to move in a range between 35.20 and 35.45 on Wednesday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is finding support and could strengthen as the market gradually opens to […]
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Thailand
