INDONESIA’S president may announce a fuel price hike next week to reduce spending on energy subsidies, senior minister Luhut Pandjaitan said on Friday(Aug 19). South-east Asia’s largest economy has tripled its 2022 energy subsidy budget to 502 trillion rupiah (S$46.9 billion) amid rising oil prices and a depreciating rupiah. President Joko Widodo said earlier this week […]
Read MoreTHAILAND saw 3.78 million tourist arrivals from January to Aug 17, a government official said on Friday (Aug 19). The arrivals, mainly from Malaysia, India and Singapore, generated revenues of 176 billion baht (S$6.8 billion), said Taweesin Visanuyothin, a spokesperson for the government’s Covid-19 taskforce. Thailand will extend the duration of its visa-on-arrival, which applies […]
Read MoreThis inflation will imperceptibly increase our cost of living Denpasar, Bali (ANTARA) – Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno reminded the public to remain vigilant against the threat of inflation. “I want to convey a message from the president that although we are in a good recovery momentum, we must remain vigilant […]
Read MoreKUALA LUMPUR, Aug 19 — Malaysia’s trade continued its upward trajectory, rising 39.8 per cent to RM252.65 billion in July 2022 compared with RM180.69 billion in the same month last year, said the Ministry of International Trade and Industry (Miti). This was the 18th consecutive month of double-digit growth. Senior Minister Datuk Seri Mohamed Azmin […]
Read MoreASEAN Briefing reports that India is fast-tracking the completion of the expanded India-Myanmar-Thailand Highway. The Indian Prime Minister, Narendra Modi, said recently that the route should be further expanded from 1,400 km to 3,200 km in order to link the route with Laos, Cambodia, and Vietnam. Presently, the route links Moreh in the northeast of India with […]
Read MoreMany British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements (FTAs) that Vietnam has signed with the UK and other economies worldwide. The UK- Vietnam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the […]
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