MANILA, Philippines — The government widened its budget deficit to more than P23 billion in January, opening the year with increased spending due to the expanded allocation for localities. The Bureau of the Treasury yesterday reported that the deficit ballooned by two-thirds to P23.38 billion in January from P14.06 billion a year ago, on a […]
Read MoreThe upsurge in global oil prices following the Russia-Ukraine war is expected to cause the power tariff, used to calculate electricity bills, to rise to a record high above 4 baht per kilowatt-hour (unit) for the first time, says the Energy Regulatory Commission (ERC). The new rate was discussed by energy officials when the ERC […]
Read MoreKUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) free trade agreement has entered into force in Malaysia from Friday, Malaysia’s Ministry of International Trade and Industry said. Malaysia is expected to be the largest beneficiary of the China-backed RCEP among Southeast Asian countries in terms of export gains, with a projected US$200 million increase, the […]
Read MoreJAKARTA: Indonesia has room to increase fuel subsidies without widening its budget deficit beyond a projected maximum of 4.85 per cent of gross domestic product, thanks to windfall revenue from high commodity prices, a finance ministry official said on Thursday (Mar 17). Indonesia has kept prices of its most widely consumed fuels unchanged despite a […]
Read MoreThe General Department of Taxation (GDT) boss has shed some more light on the department’s decision to postpone the implementation of value-added tax (VAT) on e-commerce transactions until April 1. GDT director-general Kong Vibol on March 17 led a discussion on income tax, capital gains tax and VAT for e-commerce. This comes exactly two months […]
Read MoreVietnam’s commitment to achieving net zero emissions by 2050 at COP26 is expected to bring a tailwind of opportunities, facilitating the export of made-in-Vietnam products. Towards this goal, Vietnam would need to change its mindset from how to efficiently use energy for production, to what is the efficient way to create products. Nguyen The Chinh, […]
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Thailand
