The Lao government has announced that it will attempt to lower its fiscal deficit to just 3.098 trillion kip ($275 million) this year, which is equal to 1.61 per cent of the gross domestic product (GDP). The pledge comes as the government continues to ease budgetary tensions and minimise its public debt burden at a […]
Read MoreThe Council for the Development of Cambodia (CDC) on January 17, 2022 announced the approval of 10 investment projects with a total capital of nearly $1.9 billion dollars. According to the CDC, the Investment Committee has decided to issue the investment project registration certificate to the following companies: 1- INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD: The […]
Read MoreThe regulations on defining a localization ratio for automobile products are out of date, according to experts. The Ministry of Science and Technology (MST) has submitted to the Government a plan on abrogating some legal documents related to the methods of calculating automobile localization ratios and imported car parts. To implement the strategy on developing […]
Read MoreThe Tourism and Sports Ministry will reduce the budget for the “Tour Teaw Thai” tour package subsidy programme, while slashing the scheme’s projected tour packages from a million to 200,000 amid weak demand. “After three months of implementation, the measure has proved ineffective in driving domestic trips or serving tourists’ demand as very few packages […]
Read MoreThailand’s baht rose on Tuesday on hopes that the tourism-reliant country waives quarantine for vaccinated visitors again, while its emerging market peers gained on a US dollar unperturbed by a rise in Treasury yields. Treasuries rose along the curve during Asia hours, with two-year yields, which track short-term rate expectations, crossing 1% for the first […]
Read MoreMANILA, Philippines — The government yesterday borrowed another P15 billion from the domestic market through the sale of Treasury bills. The T-bill auction fetched P77.675 billion in total tenders, oversubscribing the offer by more than five times. National Treasurer Rosalia de Leon said rates across all tenors plunged, reflecting the inflation downtrend for four consecutive […]
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