After the setback to growth last year due to the outbreak of the Delta variant of COVID-19, economic activities in Brunei Darussalam are gradually picking up, particularly in the non-oil and gas (O&G) sector. High vaccination rates have allowed containment measures and border restrictions to be lifted, enabling fuller economic re-opening. Higher global energy prices […]
Read MoreHANOI: New-generation free trade agreements (FTAs) continue to be a silver lining in Vietnam’s trade growth targeting US$1 trillion (RM4.33 trillion) in import-export revenue by 2025. The country’s trade surpassed the milestone of US$700bil (RM3 trillion) in value to hit US$735bil (RM3.19 trillion) in 2022, a rise of 9.5% against the same period of the […]
Read MoreThe Bank of the Lao PDR (BOL) issued a notice on Friday instructing 113 exchange businesses affiliated with commercial banks to suspend their operations. The notice states that the BOL has revoked the business licenses of the 113 exchange businesses that are associated with six commercial banks in the country. It also instructed the banks to discontinue their contracts […]
Read MoreThailand’s investment pledges rose by 39% in 2022 from the previous year, according to the Board of Investment (BoI). The increase, which saw pledges hit 665 billion baht, was led by large foreign direct investments (FDI) in key sectors, including electronics, the electric vehicle (EV) supply chain and data centres, confirming the recovery from the pandemic, […]
Read MoreMANILA, Philippines — Global nonprofit Oxfam said that a wealth tax could fatten the Philippines’ tax haul as the growing number of millionaires exposed the realities of inequality in the country. Erika Geronimo, executive director of Oxfam Pilipinas, reckoned that the ranks of millionaires in the country have grown by 43.5% since 2012. The global […]
Read MorePrime Minister Hun Sen announced on Saturday last week that the Royal Government of Cambodia will take the burden of patent payment instead of small online media outlets and reduce 50 percent of license fees for the establishment of new media outlets which would lower the revenue of the Ministry of Information. Mr Hun Sen […]
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