MANILA, Philippines — The national government’s debt pile rose to a new record high of P7.167 trillion as of end-October, driven largely by higher domestic borrowings, according to the Bureau of the Treasury. Based on the latest BTr data, the debt figure was 0.10 percent or P7.3 billion higher than the P7.16 trillion recorded as of […]
Read MoreRetail petrol prices in the Kingdom continued to fall on Monday amid an increase in crude oil prices in the international market. This follows the renewal of a pact between two top oil producers to cap output and the temporary trade cease fire between the US and China. A Ministry of Commerce statement released on […]
Read MoreTHE COMMERCE Ministry has set the nation’s target inflation for 2019 at 1.2 per cent, the same as for 2018. The ministry also reported that inflation in November was 0.94 per cent higher than the same period last year. “The Consumer Price Index [CPI] for November has increased by 0.94 per cent year on year, […]
Read MoreTrade between Cambodia and Thailand reached $7 billion during the first nine months of the year, exceeding figures for the entire last year. The trade figures for the nine-month period reflect Cambodia and Thailand’s commitment to reach $15 billion in bilateral trade by 2020, said the Cambodian Minister of Commerce, Pan Sorasak. Speaking at a meeting on Friday in the […]
Read MoreThe Ministry of Commerce says it will now be taking action against individuals or companies for the improper preparation of documentation for export and import invoices or sales contracts. Such improper documentation includes creating fake invoices or sale contracts, fraudulent data input, illegal transactions and wrongly listing prices and values in invoices or sales contracts […]
Read MoreFinance Minister Apisak Tantivorawong has raised an eyebrow at the Excise Department’s proposed tax on salty foods, saying it is insufficient as written as a lot of effort would be required for the enforcement of a minimal levy amount. Imposing a tax on foods containing high sodium levels also has a wide impact on consumers, he […]
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Thailand
