The global oil price surge is affecting the industrial sector as large numbers of factory operators have already borne the brunt, according to a recent poll conducted by the Federation of Thai Industries (FTI). Up to 49.3% of 150 executives in 45 industries told the pollster the manufacturing sector encountered moderate impact from the increasing […]
Read MoreTaxes and fees make up nearly 40 percent of the petrol price. The environmental protection tax is now at the ceiling level. Each liter of petrol sold bears a number of taxes, including import tax, special consumption tax, environmental protection tax and VAT (value added tax). There are also other items which are not taxed […]
Read MoreThe Cambodian government is working to transform Sihanoukville province, also known as Preah Sihanouk province, into a multi-purpose special economic zone (SEZ) after the province received the designation earlier this year. On June 9, 2021, Cambodian Prime Minister Hun Sen signed a sub-decree that will make Sihanoukville province a multi-purpose SEZ. The designation stands to […]
Read MoreMANILA, Philippines — The economy would have to expand by over five percent in the third and fourth quarters for the government to achieve its growth target for the year, finance officials said. In an interview with reporters, Finance Secretary Carlos Dominguez III said the economic team would stick to its gross domestic product (GDP) […]
Read MoreThailand’s exports are expected to rise at a slower pace of 5% next year as global demand and inventory will normalise, the national shippers’ council said on Tuesday. This year the group is sticking to its forecast for 12% export growth, it told a briefing. Source: https://www.bangkokpost.com/business/2208239/exports-seen-up-5-next-year-shippers
Read MoreThe gas price on October 31 increased by another VND17,000, raising the price to VND500,000 for a 12 kilogram tank. The gas prices have experienced nine increases so far this year, but gas traders are unhappy. They complain that as gas has become too expensive, sales are very slow. Nguyen Thu Hang, the owner of […]
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Thailand
