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Vietnam’s Bamboo Airways gets green light to take off

The Hanoitimes – Deputy Prime Minister Trinh Dinh Dung gave his approval to the Ministry of Planning and Investment (MPI)`s appraisal document on the Bamboo Airways investment project at Phu Cat Airport, Binh Dinh province. Final preparation underway In an announcement on June 20, the deputy prime minister requested the MPI to draft a prime minister […]

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Thailand: New tax to encourage B20 use

The Excise Department is imposing a tax on B20 biodiesel that is 82 satang lower than the B7 tax in a push to make the former’s retail price three baht per litre cheaper than the latter’s, says a senior official.  The Oil Fund will subsidise the remaining 2.18 baht a litre, said Tibordee Wattanakul, director of […]

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Engage to overcome Myanmar bias against Chinese investments

There is an “implicit bias against Chinese investments” in Myanmar, a report from the International Growth Centre argued, attributing the prejudice to the legacy of earlier Chinese projects in the country, including Myitsone Dam and Letpadaung Copper Mine. The way for Chinese firms to repair the tainted brand is to directly engage the affected communities and […]

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Philippines: Interest rates raised anew on inflation risks

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday delivered back-to-back rate hikes as inflation expectations remain elevated for this year as well as the risk of possible second-round effects from ongoing price pressures. BSP Governor Nestor Espenilla Jr. said in a press conference the Monetary Board decided to raise the interest rate on […]

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Cambodia: Government to incentivise low-cost housing projects

As part of their new affordable housing policy, the government is calling on developers to submit proposals for low-cost housing projects under the promise of tempting incentives, including tax deductions. The government adopted its new affordable housing policy in 2017 in an attempt to improve the lives of low and middle-income Cambodians by encouraging developers […]

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