MANILA, Philippines — The government will spend P1 billion to provide fuel subsidy to Public Utility Vehicles (PUV) drivers reeling from rallying oil prices that, if left unchecked, could stoke inflation and hurt a fragile economic recovery. The money will be released to the Land Transportation Franchising and Regulatory Board (LTFRB), which will grant cash […]
Read MoreSome might see it as the invisible economy, as it only happens at night. However, we cannot help admitting that the night-time economy brings valuable economic, social and cultural sparkle to urban areas. Night-time economies are an important part of Thailand’s broader tourism business which saw 40 million visitors annually, generating revenue of about 2 […]
Read MoreGovernment-approved hotels in Phnom Penh have announced new packages for fully vaccinated visitors after the government cut quarantine for immunised arrivals to seven or three days. There are now 7 current Alternative State Quarantine (ASQ) hotels available for booking in Phnom Penh 1. Courtyard by Marriott Hotel 2. Sokha Hotel & Residence 3. Raffles Hotel Le Royal PP 4. Sofitel […]
Read MoreSINGAPORE’S core and headline inflation rates edged up marginally in September, slightly above economists’ expectations, Department of Statistics (Singstat) consumer price index (CPI) figures showed on Monday. The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) maintained their inflation forecasts for 2021 and 2022, but their outlook has shifted towards expecting […]
Read MoreIndonesia’s President Joko Widodo pushed for travel to reopen in Southeast Asia, saying this would help economic recovery in the region that has seen coronavirus cases recede. He said the Association of Southeast Asian Nations needs to hit its vaccination target of 70% of the population of over 650 million people as soon as possible […]
Read MoreThe sharp increase in gas prices recently will surely affect the speed of economic recovery and increase prices of goods. However, this is not the time to intervene and regulate the domestic petroleum market through tax exemption or reduction. This viewpoint was expressed by Asso. Prof. Dr. Ngo Tri Long, former Director of the Market […]
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Thailand
