MANILA, Philippines — Excise tax collections from tobacco products went up more than 31 percent to P83 billion in the seven months to July from P63 billion a year ago, the Department of Finance (DOF) said. Philip Morris Fortune Tobacco Co. Inc. (PMFTC) remained the top tax payer among tobacco firms with over 50 percent […]
Read MoreWith the government’s determination to gradually loosen social distancing policies, businesses are eager to build strategies to resume operations as soon and as fully as possible. Nguyen Hoai Bao, vice president of wooden furniture exporter Scansia Pacific, explained to VIR that the company is maintaining the stay-at-work operation method with capacity of 20 per cent. […]
Read MoreThe Department of Trade Negotiations (DTN) said on Monday that Thailand is reevaluating the pros and cons of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) free trade agreement after China signed the pact last week. Auramon Supthaweethum, the department’s director-general, said the market size of CPTPP is now bigger than it was when it only […]
Read MoreMANILA, Philippines — The Philippines is expected to be among the countries that will push global nickel production this year as the mineral sector recovers from the pandemic. In its latest report, GlobalData, a leading data and analytics company in the UK, said global nickel production is seen growing 6.8 percent to reach 2.42 million […]
Read MoreThe baht opened at 33.35 to the US dollar on Tuesday, weakening from Monday’s closing rate of 33.34. The Thai currency is likely to move between 33.30 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is still pressured by weakening factors than strengthening in the short term. […]
Read MoreMinister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. Many observers share the opinion that the East Asian economy will outstrip most rivals as buyers of Cambodian merchandise once the agreement […]
Read More
Thailand
