Such a move will help Vietnam diversify oil import sources from China, the US, and the Middle East, and avoid dependence on certain partners amid growing global uncertainties. The Vietnamese Government has agreed to halve the most favored nation (MFN) tariff on petroleum products from 20% to 10%. The decision, which took effect on August […]
Read MoreMANILA, Philippines — The country’s manufacturing output rose in June from the previous month,with 13 industry groups posting increases, the Philippine Statistics Authority (PSA) said. Data released by the PSA yesterday showed the country’s factory output as measured by the Volume of Production Index (VoPI) expanded at an annual rate of 2.4 percent in June, […]
Read MoreCambodia slipped one rank in the latest Nikkei Global Covid-19 Recovery Index but held the second rank as the country’s economy continues to bounce back vigorously from the clutches of the pandemic. With 78 points, the Middle East nation Bahrain now tops the index for July and Cambodia is just behind with 77.5 points. The […]
Read MoreThe Mice (meetings, incentives, conventions and exhibitions) segment has started to see busy schedules from international events in the second half as full reopening creates momentum for a gradual recovery. Paul Kanjanapas, chief executive of Bangkok Land PCL, the operator of Impact Exhibition Management, said the number of events in the second half tallied 500, of which […]
Read MoreLabour Minister Suchart Chomklin said on Tuesday he wanted an increase in the daily minimum wage of 5-8% from Oct 1 instead of early next year as intended, and denied bringing the pay rise forward was politically motivated. The minister, speaking at Government House, said minimum wages should start to rise from Oct 1 because the […]
Read MoreKUALA LUMPUR: The Industrial Production Index (IPI) increased 12.1% in June 2022 as compared to the same month of the previous year, exceeding the forecasts by Reuters. According to 12 economists surveyed in a Reuters poll, June’s IPI was expected to rise by 4.9%. In a statement, the Statistics Department (DOSM) said the manufacturing output […]
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Thailand
