Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI). Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation led by Secretary of State Kim Chan Sokty of the […]
Read MoreA national committee on electronic vehicle policy, also known as the EV board, on Thursday agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24-billion-baht subsidy to the EV battery-producing industry. “The subsidy will be on a first-come, first-served basis,” said […]
Read MoreSINGAPORE’S retail sales rose 7.4 per cent year on year in December, extending the previous month’s 6.5 per cent growth, the latest data from the Department of Statistics (SingStat) showed on Friday (Feb 3). On a month-on-month seasonally-adjusted basis, retail sales were up 1.3 per cent, reversing from the 3.6 per cent decline recorded in […]
Read MoreBENGALURU, Feb 3 (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global recession could accelerate the slowdown this year, a Reuters poll found. Southeast Asia’s largest economy exported a record $292 billion in 2022, driven by high global commodity prices […]
Read MoreKUALA LUMPUR, Feb 3 — The World Bank’s lead economist Apurja Sanghi today said that Malaysia is late in enacting a Fiscal Responsibility Act (FRA) to manage its debts and deficits. Having an FRA in place would help rebuild the country’s fiscal buffers, he told reporters here at a press conference of the World Bank’s […]
Read MoreThe Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is LAK 1,200,000, which was raised from LAK 1,000,000 in August of 2022. At that time the government claimed it would raise the minimum wage again to Lak 1,300,000 in May of 2023. […]
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Thailand
