Under the move, the retail price of fuels would see a reduction of VND2,200 per liter (including the value-added tax) and VND1,100 for diesel. The Ministry of Finance (MoF) announced its intention to cut the environmental protection tax on petrol by half, or VND2,000 per liter, and VND1,000 on diesel. The move, scheduled to take […]
Read MoreAs Ukraine-Russia conflict drags on MANILA, Philippines — Lower growth for the Philippines can be expected this year as the conflict between Ukraine and Russia escalates, but the country is still seen to be among the strongest performers in emerging Asia. In its weekly brief, international think tank Capital Economics slashed its gross domestic product […]
Read MoreThe founder and CEO of Japan-based SoftBank Group has backtracked on a commitment to invest in Indonesia’s new national capital city to be built from scratch in East Kalimantan. Citing Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan, Bloomberg reported on March 11 that Masayoshi Son would no longer be an investor in the […]
Read MoreDetails of special incentives for seven economic zones in the government’s flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days. Kanit Sangsubhan, secretary-general to the EEC Office, said interested investors will be allowed to apply immediately after the incentives are announced. According to Mr Kanit, the special incentives his […]
Read MoreThe cold storage industry could soon outgrow its niche market status and become a key industrial field within a few years. Vietnam’s cold storage market is set to hit the US$295-million mark by 2025, thanks to booming demand for distribution of vaccines and high growth in the seafood industry, according to real estate consulting firm […]
Read MoreMANILA, Philippines — The electronics sector, the country’s top exporter, is expected to post strong growth this year as the recovery of the global economy from the pandemic triggers a rebound in demand for technology products. In its weekly economic preview, market intelligence firm IHS Markit said the near-term outlook for the electronics industry in […]
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Thailand
