The Bank of the Lao PDR (BOL) has announced that commercial banks and currency exchange providers will be subject to new limits on the sale of foreign currencies. A new Decision on currency exchange services for commercial banks and exchange booths limits the sale of foreign currency to LAK 15 million per individual, per day. Individuals must […]
Read MoreThe tax on petrol in Vietnam is lower than the average level in the rest of the world, according to the Ministry of Finance (MOF). MOF has proposed a reduction of VND500-1,000 per liter in environmental protection tax on petroleum products to stabilize the domestic price amid price fluctuations. The ministry said the tax rate […]
Read MorePrime Minister Hun Sen on Monday announced the establishment of a new border crossing to Vietnam in Tboung Khmum province, aimed at boosting trade and travel between the neighbours. Mr Hun Sen was speaking at Koh Thma to commemorate the 45th Remembrance Day of the “Journey to Overthrow the Pol Pot Genocidal Regime.” The establishment […]
Read MoreMANILA, Philippines — Rates for 10-year Treasury bonds nearly hit 7.4 percent yesterday, as investors anticipate an aggressive rate hike from the Bangko Sentral ng Pilipinas (BSP) to tame inflation. The Bureau of the Treasury yesterday borrowed P34.892 billion of the P35 billion it programmed to raise from the auction of original 10-year T-bonds. The […]
Read MoreThailand expects to take about two years to conclude talks with the European Free Trade Association (Efta) after the two parties agreed to launch negotiations over a potential free-trade deal on Monday. According to Commerce Minister Jurin Laksanawisit, who participated in the start of negotiations with Efta in Iceland on June 20, the deal, once […]
Read MoreThe retail price of diesel increased by about 3.28 per cent on June 21, while regular-grade petrol was held constant, according to a notice issued by the Ministry of Commerce. For the June 21-30 period, the retail selling prices of fuel in the Kingdom have been set at 5,800 riel or $1.43 per litre of […]
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