The government insists the state Oil Fund still has sufficient funding to subsidise retail diesel prices until March 31 and sees no urgent need to cut the excise tax on diesel. Energy Minister Supattanapong Punmeechaow said the government has not yet considered additional borrowing for the state Oil Fund because it has enough funding to […]
Read MoreFood Inflation continues to contribute to the rise in national inflation, December 2021 National inflation in December 2021 increased 3.2 per cent to 124.5 as against 120.6 in the same month of the preceding year due to the base effect last year. The increase also surpassed the average inflation in Malaysia for the period 2011 […]
Read MoreDue to increasing interest payments and amortization costs, the national government’s debt servicing jumped in November 2021 compared to a year earlier, according to data released by the Bureau of the Treasury (BTr). Debt payments totaled P81.23 billion during the month, up 203.27 percent from P26.78 billion in November 2020. The amount of interest paid expanded by […]
Read MoreGrowing concern over food and energy prices has both the state and private sectors uneasy about an economic nightmare rapidly approaching. Government measures to control living costs, including seeking cooperation from businesses to cap their goods and service prices, are expected against a backdrop of unsettled problems ranging from a sluggish economy and climbing public […]
Read MoreThe latest price adjustment marked the second consecutive price hiking in 2022. From 15.00 January 21, the retail price of bio-fuel E5 RON92 surged VND436 to around VND23,595 (US$1.04) per liter, and that of RON95 went up by VND484 to VND24,360 ($1.07) per liter. The latest price adjustment marked the second consecutive price hiking in 2022. […]
Read MoreForeign tourists are likely to have more insurance options to cover hospitel and hotel isolation expenses in Thailand as the government is trying to solve the problem of Covid-infected tourists refusing to pay for medication or running away from hotels. Yuthasak Supasorn, Tourism Authority of Thailand governor, said the government is discussing with the Office […]
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Thailand
