Thailand’s PTT Oil and Retail Business (PTTOR) is looking for local partners in other markets where it already operates like Cambodia, Laos and the Philippines for potential joint ventures. PTTOR plans to invest 93.5 billion baht ($2.9 billion) over the next five years to expand its food and beverage business, utilising its big gas stations […]
Read MoreVietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT). On February 11, retail petrol prices were increased by nearly 1,000 dong (4.38 US cents) per litre following the latest adjustment by […]
Read MoreThe demand for workers is increasing in the tourism sector as Vietnam prepares for full tourism reopening from March 15. However, it’s very difficult to recruit workers at this time. CEO doubles as employee A director of a tourism company in Dong Da district, Hanoi, complained that he has interviewed 10 candidates, but could recruit […]
Read More[JAKARTA] Indonesia booked a US$2 billion budget surplus in January as tax revenues soared amid a stronger economic recovery from the pandemic and high commodity prices, its finance minister said on Tuesday (Feb 22). Sri Mulyani Indrawati said the surplus underscored Indonesia’s sound fiscal position and reaffirmed other economic indicators showing the recovery in South-east […]
Read MoreSINGAPORE–Singapore’s consumer prices rose at the same on-year pace in January as in December, as a moderation in private transport costs increase offset higher core and accommodation inflation. The consumer price index for January rose 4.0% compared with the same period a year before, the Department of Statistics said Wednesday. That was slightly below the […]
Read MoreMANILA, Philippines — Ayala-owned Bank of the Philippine Islands (BPI) expects its consumer loan portfolio to expand this year on the back of an anticipated growth in consumption with the economy’s reopening. BPI executive vice president and consumer banking head Maria Cristina Go yesterday said the bank projects consumer borrowings to drive its loan growth […]
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