Vietnam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency. But the figure was much higher than that in the same period in 2018 and 2017, when FDI […]
Read MoreMANILA, Philippines — New taxes are being considered by the Duterte administration starting 2021 to partially offset the costs of this year’s stimulus measures meant to counter the pandemic’s economic impact. Costing was already started for a proposed digital economy value added tax (VAT), higher sugar-sweetened beverage taxes as well as new levies on junk food, particularly those […]
Read MoreLao Prime Minister Thongloun Sisoulith has asked the Ministry of Energy and Mines to clarify the pricing structure for electricity tariffs amid widespread public complaints. Speaking at the monthly government meeting last week, the prime minister said that the reasoning for an increase in electricity tariffs must be clearly explained and justified in order to […]
Read MoreResidential property sales and prices rise have shown a downward trend amid the COVID-19 pandemic, which has battered people’s purchasing power and developers’ marketing efforts, despite lower mortgage interest rates. Totok Lusida, the chairman of the Real Estate Indonesia (REI), an association of 6,400 developers, said on May 18 that aside from hindered construction, social […]
Read MoreA senior official at the Ministry of Agriculture has called on more investment in the horticulture and subsidiary crops sector because the demand for vegetables in the country has increased nearly 1,000 tonnes per day. Kean Sophea, director of the department of horticulture and subsidiary crops at the Ministry of Agriculture, Forestry and Fisheries, told Khmer […]
Read MoreKUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more ominous. Jobs and livelihoods were destroyed and people […]
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Thailand
