The government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves. Prime Minister Phankham Viphavanh on June 6 signed a decision appointing the eight-member taskforce, which is chaired by the Deputy Prime Minister in charge of economic affairs, Dr Sonexay Siphandone. Minister of […]
Read MoreThe law governing the reduction of the electric vehicle (EV) excise tax from 8% to 2% will take effect on June 9, according to the Excise Department. Department spokesman Nattakorn Utensut said the Council of State finished vetting the law and Finance Minister Arkhom Termpittayapaisith already signed it into law. The law will be published […]
Read MoreMalaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs. “The target is to ensure that those who need subsidies, will get the subsidies,” Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed said in an interview with […]
Read MoreIndonesia is launching a new five-year visa for remote workers, according to a report from Bloomberg. As part of the country’s push to lure higher-spending, longer-staying travelers to its islands, government and tourism officials believe a Bali digital nomad visa that doesn’t require renewal every 30 or 60 days is key to bringing in expats. The country […]
Read MoreSINGAPORE (BLOOMBERG) – Economists bumped up their 2022 inflation forecast for Singapore by 1.6 percentage points, amid a potential threat to food supply chains. Headline inflation rate is seen rising 5.5 per cent on average in the current quarter and the next, up from less than 4 per cent seen previously, according to the median […]
Read MoreThe Thanaleng Dry Port, part of an integrated logistics facility in the capital Vientiane, has received new financing for its development and equipment costs to modernise and deliver world-class services. The International Finance Corporation (IFC), as the lead arranger, has arranged a financing package of US$67 million to fund the development, construction, and equipment costs […]
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Thailand
