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Philippines: Factory output expands at slower pace

MANILA, Philippines — The country’s manufacturing output grew in 2022, albeit at a slower pace than the previous year, as growth eased in some industry divisions, while some posted contractions, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output as […]

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Thailand: Department to scrutinise tax filings

The Revenue Department plans to step up its examination of suspicious personal income tax returns, says director-general Lavaron Sangsnit. He said people who submit accurate filings have nothing to worry about, and eligible filers should receive a tax refund within three days. The department will spend more time scrutinising returns with suspicious information, said Mr […]

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Philippines, Japan ink 7 deals on infrastructure, agriculture

MANILA, Philippines — Manila and Tokyo signed seven agreements on humanitarian assistance, infrastructure and agriculture during President Ferdinand Marcos Jr.’s official working visit to Japan, Malacañang said. Marcos and Japanese Prime Minister Fumio Kishida witnessed the signing of agreements on Thursday. “After our meeting, I can confidently say that our Strategic Partnership is stronger than […]

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Malaysia needs to look at balancing its regional economic growth – World Bank

KUALA LUMPUR: Malaysia needs to look at balancing its regional economic development in order to narrow the development gap in the country. Speaking at the launch of the World Bank’s Malaysia Economic Monitor February 2023 report, Ndiame Diop, the country director for Brunei, Malaysia, Philippines, and Thailand, said Malaysia’s regional economic development is not aligned. […]

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Laos, China, Thailand Operate First Round-Trip Freight Train

The first China-Laos-Thailand freight train departed from Kunming on Tuesday carrying nine cold-chain containers packed with about 280 tonnes of fresh vegetables for export to Laos and Thailand. Xinhua News Agency reports that within fifty-five hours, the freight train will arrive in Bangkok after passing through Laos where it would make a quick stop for reloading more goods. […]

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