phil01
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Philippines: Fuel tax suspension to benefit rich – DOF

MANILA, Philippines — The Department of Finance (DOF) has doubled down on its opposition to proposals to suspend excise taxes on fuel, saying such a measure only benefits the rich whose disposable income will increase. Finance Undersecretary and chief economist Gil Beltran yesterday said the government would lose the progress it has achieved in leveling […]

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th02
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Thai oil demand finally recovering

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, believes domestic demand for fuel has begun to return to pre-pandemic levels, except for jet fuel, consumption of which is expected to be back to normal by the end of next year. Demand for gasoline stood above 30 million litres a day and will grow […]

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malay01
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Malaysia: Ringgit opens lower as US dollar gains momentum on retail sales data

KUALA LUMPUR, Nov 16 — The ringgit opened slightly lower against the US dollar as the greenback gained momentum ahead of the United States (US) October’s Retail Sales data which is expected to rise to 0.7 per cent month-on-month, based on consensus estimates, said an analyst. At 9am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday’s close. […]

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