MANILA, Philippines — Increasing the minimum fare in public transport could further push inflation up and affect economic growth as the government plays a balancing act between fare increase and the release of subsidies for drivers. During the House of Representatives hearing on Monday, the National Economic and Development Authority (NEDA) said the impact of […]
Read MoreCRUDE palm oil (CPO) prices are expected to remain high above RM5,000 a tonne at least for the first half of this year driven by festive season demand and tight global edible oil supplies. Malaysian Palm Oil Board DG Datuk Dr Ahmad Parveez Ghulam Kadir said the current CPO price, which recently reached a high of […]
Read MoreThe cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months. Deputy government spokeswoman Rachada Dhnadirek said the cabinet agreed to reduce the excise tax on diesel oil […]
Read MoreMANILA, Philippines — Petron Corp. bounces back with a P6.14 billion in net earnings last year, a reversal of the P11.4 billion net loss in 2020, on higher volumes and recovery in international oil prices. Consolidated revenues jumped by 53 percent from P286 billion to P438.06 billion, driven by the increase in international prices and […]
Read MoreMALAYSIA recorded RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021 — the highest amount of approved investments since 2006, according to the Malaysian Investment Development Authority (MIDA). The total foreign direct investment (FDI) and domestic direct investment (DDI) numbers exceeded expectations with stellar performance in 2021, increasing to […]
Read MoreA sense of caution tempers the excitement as stakeholders prepare for the full resumption of international tourism on March 15. Will Viet Nam’s quarantine rules prove a deterrent? The worry nags travel agencies, hoteliers, tourist destination managers and other stakeholders as they prepare hard for the return of international visitors, sprucing up their premises, hiring […]
Read More
Thailand
