Electricity bills are expected to decline from May to August as the fuel tariff (Ft) dips following a decrease in the price of liquefied natural gas (LNG), says Energy Minister Supattanapong Punmeechaow. The Ft is a key component of the power tariff, which has soared since last year, resulting in expensive power bills. “The new power […]
Read MoreMANILA, Philippines (Corrected, 11:55 a.m.) — The Philippines exceeded its foreign direct investments target in 2022 despite headwinds and a projected global recession dampening investor sentiment. Data from the Bangko Sentral ng Pilipinas revealed on Friday that FDI amounted to net inflows in 2022, but plunged 23.2% year-on-year to $9.2 billion haul. FDIs represent firmer commitments from foreign investors that generate […]
Read MoreSINGAPORE-based e-commerce and gaming firm Sea Ltd is cutting fewer than 500 jobs at its Indonesian unit Shopee, Bloomberg News reported on Friday, as part of a broader wave of cuts to control ballooning losses. The latest layoffs affect full-time and contract workers in Shopee’s customer service team, the report said, citing a person familiar […]
Read MoreThe Royal Government of Cambodia (RGC) on Monday issued a sub-decree on requirements and procedures for business mergers and acquisitions to enhance the business environment in the country by preventing businesses from blocking or limiting market shares and entrance channels on its path to leaving the Least Developed Country (LDC) category. The sub-decree on conditions […]
Read MoreFacebook, YouTube, Netflix and TikTok, with powerful financial resources, attract a high number of users and ads compared with Vietnam’s press. Some newspapers have reported a 60-70 percent decrease in revenue. At the recent 2023 Press Economic Forum, a representative of HCM City Television spoke about the challenges for the press in the multimedia era. […]
Read MoreMANILA, Philippines — Listed utility firm Manila Electric Co. raised its power rate in March after a scheduled maintenance of Malampaya facility pushed up generation costs for the month. In a statement on Friday, Meralco said its overall electricity rate went up by P0.5453 per kWh to P11.4348 per kWh this month. That means a typical […]
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Thailand
