Chair of the Vietnam Energy Association Tran Viet Ngai believes that the solution of setting one common electricity retail price is not feasible. The Ministry of Industry and Trade (MOIT) said it is designing a new electricity pricing mechanism to give more options to consumers. Households could either pay in accordance with the currently applied […]
Read MoreMANILA, Philippines — “Shell-shocked” consumers and stalled investments will disappoint the Duterte administration’s expectations of a quick economic bounce-back from the pandemic, forcing it to settle to a lower growth trajectory by the time it caps its six-year term in 2022, an investment bank said. From an average of 6% economic growth before the pandemic […]
Read MorePETALING JAYA: It appears that Corporate Malaysia needs more tax incentives to accelerate private investment growth that has been trending down in recent years. In 2019, private sector investments grew at the slowest pace since the global financial crisis, while the latest figures from the Statistics Department showed that net investments in fixed assets in […]
Read MoreTourism-related businesses are at a tipping point after more than 30% of them have exited the market, with many set to follow, according to the Tourism Council of Thailand (TCT). Chairat Trirattanajarasporn, president of the TCT, said the tourism industry predicts a further deterioration after six months of the coronavirus crisis, as many related businesses […]
Read MoreTalks to end the long-running conflict between Thailand and Cambodia, which both nations claiming ownership of offshore petroleum blocks in their overlapping maritime territories is finally expected to resume after a delay of 20 years. Outgoing Energy Minister Sontirat Sontijirawong said this when bidding farewell to Thai energy ministry executives after resigning from the Thai […]
Read MoreThe Government Savings Bank (GSB) is considering extending the debt moratorium measure due to end in September as most customers are still reeling from the Covid-19 impact. The bank’s board meeting held on Monday discussed extending the debt moratorium that has been in place since April, said GSB president and chief executive Vitai Ratanakorn. The extension […]
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