The Energy and Mineral Resources Ministry has canceled its plan to introduce the domestic market obligation (DMO) policy on oil. The planned policy was intended to help state-owned oil and gas company Pertamina purchase oil for the domestic market according to the state budget’s assumption on Indonesian Crude Oil prices (ICP). The ministry’s oil and […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has turned hawkish, saying it is ready to take decisive action as the inflationary impact of supply-side shocks have somewhat spread. BSP Governor Nestor Espenilla Jr. said on the side events of the 51st Annual Meeting of the Asian Development Bank (ADB) that the central bank […]
Read MoreThe Hanoitimes – Minister of Culture, Sports and Tourism Nguyen Ngoc Thien has approved a plan to remove or simplify 62 of 118 business conditions under the ministry’s management. Under Decision No. 1396/QĐ-BVHTTDL, business conditions in karaoke, bar, advertising, sport, lodging and electronic game services will be removed. The requirements that hotels, yachts and houses for […]
Read MoreMandalay Investment Commission has approved five domestic investments and five foreign investments, totalling 10 investments within nine months since it was established, according to the regional Directorate of Investment and Company Administration. “After the new Investment Law was enacted, it has become more convenient for investors. The process didn’t take long either, compared to the […]
Read MoreExperts from the Asian Development Bank (ADB) warned of disruption in the labour market due to technological advances at the bank’s annual meeting in Manila on Thursday, though officials also noted that Cambodia had several programs in place to help mitigate any negative consequences. Elisabetta Gentile, an economist at the ADB, said technological advances like […]
Read MoreKUALA LUMPUR: The monthly income of RM2,700 published in Bank Negara Malaysia’s (BNM) 2017 Annual Report is a provisional estimate of a living wage for a single adult in the capital, which does not refer to the median income. FactWatch.my, an initiative by BNM, said the concept of living wage was also different from the […]
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Thailand
