The Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true. The Lao economy is struggling with rampant inflation, a severe lack of foreign currency, and shortages of food […]
Read MoreTo support energy transition, collaboration is needed Jakarta (ANTARA) – The Indonesian government offered investment to develop the energy sector, especially oil and gas, to the Government of Norway to enable Indonesia to realize its energy transition and carbon neutrality program in future. “Norway has technology and experience in the energy sector. This is a […]
Read MoreApple iPhone assembler Pegatron Corp has recently unveiled its expansion plan in other countries including Vietnam due to COVID-19 restrictions in China, according to Reuters. “We faced COVID controls for two months. We couldn’t have assessed that in advance, so that makes me emphasise our expansions in Vietnam, India, Indonesia, and North America, to solve […]
Read MoreThe energy sector accounted for 58.8 per cent or BND11 billion of the country’s total GDP in 2021, according to a data recently released by the Department of Economic Planning and Statistics, Ministry of Finance and Economy (MoFE). Of this number, the oil and gas upstream sector contributed to 49.6 per cent, whereas the downstream […]
Read MoreThe Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates. The value of the national currency has nosedived since the end of March, the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told National […]
Read MoreMANILA, Philippines —Tobacco officials understand why the government targets the industry every time it needs extra cash. They said cigarettes are viewed as low-hanging fruits that can be picked any time. After all, taxing tobacco feels fair and just due to its proven damage to public health. The Department of Finance even wants the next […]
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Thailand
