Laos is gearing up to construct a new dam in Luang Prabang, marking its latest effort to realize the goal of becoming the “Battery of Southeast Asia”. When completed, the hydropower project will have the capacity to generate 1,410 MW, producing 7,380 Gwh per year. This will make it the largest project in Laos to […]
Read MoreMANILA, Philippines — An interagency group for intellectual property rights (IPR) protection and enforcement is pushing for legislation which would hold e-commerce sites and malls liable for the sale of counterfeit items on their platforms. In a press conference ahead of the National Committee on IPR’s high-level meeting yesterday, Trade Secretary Ramon Lopez who chairs […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has given some banks the green light to raise fees on ATM services by P3 per transaction to allow them to recover their operating costs. BSP Deputy Governor Chuchi Fonacier said in an interview with reporters the banks would have to comply with the conditions, particularly […]
Read MoreMyanmar’s economy is forecast to expand to 6.4 percent in the current fiscal year and pick up to 6.8 percent in the next, according to a report on the economy in Southeast Asia released by the Institute of Chartered Accountants in England and Wales (ICAEW) on Tuesday. The report said that the forecast for Myanmar’s […]
Read MoreThe Office of the Cane and Sugar Board (OCSB) projects the sugar industry will lose 10 billion baht in the upcoming sugar-crushing season because of the baht’s appreciation and the global oversupply. The season usually starts in late November and ends in early May. “Thai farmers and millers will suffer from these negative factors,” said […]
Read MoreKUALA LUMPUR: Ahead of Budget 2020, prominent economist Prof Jomo Kwame Sundaram has called for “smart taxation” in Malaysia, which aims to increase the country’s tax collection without hiking tax rates. Speaking to reporters at a media briefing, he said that it was important for the government to reduce or eliminate unnecessary tax exemptions offered […]
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Thailand
