The wide gap between domestic and world gold prices has caused buyers to lose money, but helped gold smugglers earn lucrative, but illegal, profits. The domestic bullion gold market in recent years has not seen wild fluctuations in prices per tael each day. However, the gap between the domestic and international prices is still wide, […]
Read MoreMANILA, Philippines — The outflow of speculative funds hit $805 million in the five months to May, reversing the $1.1 billion net inflow in the same period last year, as fewer hot money entered the Philippines for the fourth straight month in May. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed the […]
Read MoreThe Federation of Thai Industries (FTI) is maintaining its projection for motorcycle production this year at 2.1 million units, thanks to higher demand driven by the tourism recovery. The higher volume of foreign arrivals has increased demand for motorcycles, said Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the FTI’s Automotive Industry Club. Production for the […]
Read MoreThe first shipments arrived in Laos this week after an MoU was signed between the Vientiane Petroleum State Enterprise, SINOPEC Hong Kong, and SINOLAO on 26 May, to import fuel from China. The MoU which was signed between the three parties laid out the principles of cooperation in importing fuel for wholesale and retail distribution in Laos. […]
Read MorePresident Vo Van Thuong has confirmed that a comprehensive inspection of the electricity sector will be conducted with utmost seriousness. President Thuong, along with a delegation of National Assembly (NA) deputies from Danang City, met with local voters yesterday, June 28, to discuss the outcomes of the 15th NA’s fifth sitting and address their concerns […]
Read MoreMANILA, Philippines (Update 2, 8:42 p.m.) — The regional wage board in the National Capital Region has approved a P40 increase in the minimum wage, bringing it to P610 a day for non-agriculture workers, the Department of Labor and Employment. The increase granted is less than half of the P150 across-the-board daily minimum wage hike inching forward in […]
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Thailand
