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Bottlenecks limiting Vietnam’s economy growth from OECD perspective

The Hanoitimes – The OECD noted that the country should focus on improving labor productivity to ensure national economic prosperity. The Organization for Economic Co-operation and Development (OECD) has analyzed some problems that limit Vietnam’s economic development, and proposed solutions to help Vietnam in building a socio-economic strategy from 2021 to 2030. Analyzing the main confine […]

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Indonesia: Govt mulls using Pertamina tanks to cut biodiesel transport costs

The government is mulling the use of tanks belonging to upstream subsidiaries of state-owned energy holding company Pertamina to store fatty acid methyl esters (FAME), the main component in 20 percent blended biodiesel ( B20 ). The Energy and Mineral Resources (ESDM) Ministry’s research and development head, Dadan Kusdiana, said the move intended to optimize existing facilities and cut […]

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Cambodia: Firms urged to study export regulation

Local firms must have a clear understanding of phytosanitary regulation if they wish to increase shipments abroad, experts stressed during a workshop organised by Germany’s GIZ last week. For in depth analysis of Cambodian Business, visit Capital Cambodia Phytosanitary inspections help prevent pests and ensure the products are safe to eat, said Heng Chhun Hy, deputy […]

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Thailand: Commerce Ministry warns on prices

The Commerce Ministry is once again warning private hospitals of severe legal repercussions for overcharging patients, after several probes found that many medical facilities often mark up the prices of their medicines by as much as 900%.  The source said complaints have been received via the 1569 hotline alerting the ministry to the problem.  One caller […]

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Myanmar: Tax on mobile phones kicks in June 1

Starting June 1, a five percent commercial tax on mobile phones and accessories shall be collected from buyers at the time of purchase and the relevant tax stamps affixed to the receipts in accordance with the Commercial Tax Law, the Internal Revenue Department (IRD) announced earlier this month.  The department issued the instruction to clarify […]

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