The Excise Department wants to complete its study of carbon tax collection measures this year, says director-general Ekniti Nitithanprapas. He said most nations opt for one of two methods when imposing a carbon tax: a levy on carbon dioxide-emitting products, or on factory production processes that emit a high level of carbon dioxide. Mr Ekniti said […]
Read MorePETALING JAYA: Consumers will remain burdened by price pressures moving into 2023, as inflation continues to be stubbornly high in Malaysia. Core inflation has been rising for 14 straight months and food inflation surged to a record-high level in November 2022. With inflation likely to stay elevated, economists anticipate Bank Negara to raise its benchmark […]
Read MoreThe nation’s gross domestic product (GDP) in 2022 is forecast to reach about US$413.81 billion, thereby ranking 37th in the world, according to the latest projection on the GDP scale for countries globally made by IMF. In line with the latest forecast, the scale of Vietnamese GDP in 2022 moved up four places and represented […]
Read MoreThe National Assembly (NA) has approved an economic growth rate of at least 4.5 percent for 2023 as proposed by the government amid a global economic downturn. The agriculture sector is expected to grow at 2.5 percent, representing 17.2 percent of the Gross Domestic Product (GDP), while industry will grow at 5 percent, accounting for […]
Read MoreMANILA, Philippines — Manufacturing activity in the country grew at its fastest pace in six months, supported by strong local demand. A report released by S&P Global Market Intelligence yesterday showed the Philippines’ manufacturing purchasing managers’ index (PMI) rose to a six-month high of 53.1 in December from 52.7 in November. The PMI is based […]
Read MoreA Cambodian researcher said that the Belt and Road Initiative (BRI) projects will be a contributor to the economic growth in Cambodia and in the region in the post-pandemic COVID-19 era and will help Cambodia achieve its ambitious goal of becoming an upper-middle income country by 2030 and a high-income country in 2050. Neak Chandarith, […]
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Thailand
