Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month. The Energy Ministry formed a working panel to study how to narrow what is known as the oil refinery margin, which normally averages two […]
Read MoreMANILA, Philippines — The country’s balance of trade in goods expanded in April, as double-digit gains in imports were sustained and outpaced exports, with the Philippines still bearing the brunt of soaring global commodity prices as a consequence of the Russia-Ukraine war. Data from the Philippine Statistics Authority showed that the country’s trade shortfall surged […]
Read MoreThe Food and Agriculture Organization of the United Nations (FAO) said Thursday that Far East rice production was forecast at 694.3 million tonnes for the latest season — three percent above the five-year average. “Record or near-record outputs are forecast in Bangladesh, Cambodia, India, Pakistan and the Philippines,” said the FAO’s quarterly global report on […]
Read MoreThe Government’s efforts have resulted in a modest rise of 0.09% in the average interest rates against early 2021. The State Bank of Vietnam (SBV) considers lowering interest rates to aid businesses and people as one of its key tasks. SBV Governor Nguyen Thi Hong gave the remarks when she appeared before the National Assembly […]
Read MoreEven as Indonesia enjoys the benefits of a triple surplus in trade, current account balance and fiscal space, the looming threat of inflation and food scarcity loom over the economy for the immediate future, a group of speakers noted at Maybank’s Invest Asean conference. “A prolonged war between Russia and Ukraine will escalate the prices […]
Read MoreA leader in Laos’ tourism industry is setting his sights on Vietnamese tourists, who he says like to come to Laos to marvel at the country’s natural beauty. Member of the Board of Directors of the Guide Association, Mr Inthy Deuansavanh, who owns Green Discovery Laos, told Vientiane Times “Indeed, the strong point of Lao […]
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Thailand
