MANILA, Philippines — The government steadied its infrastructure spending in October as outlays inched up by less than a percent to P61 billion, the Department of Budget and Management (DBM) said. Based on the DBM’s latest national government disbursement performance report, state infrastructure expenditure and other capital outlays went up by a mere 0.5 percent […]
Read MoreKUALA LUMPUR: Malaysia’s economy is on a strong footing to attract quality investments, said International Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz. In an interview with CNBC this morning, he said that although challenges still remain due to global economic uncertainties, China’s move to reopen its borders next week bodes well for […]
Read MoreThe Thailand cabinet held an informal discussion on Tuesday on the realisation of the joint production of petroleum resources in the Gulf of Thailand with Cambodia, according to media reports. Quoting government sources, Bangkok Post reported that the Thailand government is proceeding with its years-long plan for joint production of petroleum resources in the Gulf of Thailand. […]
Read MoreCambodia’s Investment Law provides an example of the development and implementation of a simplified approval mechanism, involving automatic approvals which render timelines for approval unnecessary, a report on the investment facilitation for sustainable development within the context of the RCEP, the ASEAN investment facilitation framework and the WTO draft investment facilitation framework for development said. […]
Read MoreThe 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 […]
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