HANOI (XINHUA) – Vietnam’s Ministry of Justice has put forward a plan to increase tax rates on non-biodegradable plastic bags and packaging, as well as impose new excise taxes on single-use food and drink containers made from polystyrene foam, local newspaper Vietnam News reported yesterday. A draft proposal, to be submitted to the National Assembly, […]
Read MoreThe economy is not overheating and authorities can control inflation rates, says Finance Minister Arkhom Termpittayapaisith. He said the pace of Thailand’s economic growth was accelerating, unlike in other countries, and he hopes the rebound in the tourism sector will propel the growth momentum. Mr Arkhom said inflationary pressure was not caused by the demand […]
Read MoreMANILA, Philippines — The country’s foreign exchange buffer slipped below $100 billion in February, ending four consecutive months of increases, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the BSP on Tuesday night showed the country’s gross international reserve (GIR) level declined by 1.3 percent to $99.31 billion in February after hitting […]
Read MoreCambodia expressed its intentions to attract co-investment in cold chain development during the 19th ASEAN-Japan experts group meeting on logistics (AJEGML) on Tuesday. Chhieng Pich, Head of the General Department of Logistics, led the ministry officials during the video meeting at the Ministry of Public Works and Transportation (MPWT) office with the ASEAN secretariat, logistics […]
Read MoreWhile newly registered businesses are getting smaller in scale, foreign companies and funds are growing in investment capital. In 2020, the average registered capital was VND28 billion per business. The figures were VND 17 billion in 2021 and VND10.6 billion in 2022. Meanwhile, in the first two months of 2023, it was just VND7.4 billion, […]
Read More(Bloomberg) — Economists are almost evenly split on whether Malaysia’s central bank will hold or hike interest rates on Thursday, amid looming risks to inflation and slowing global growth. Eleven of the 20 economists surveyed by Bloomberg expect Bank Negara Malaysia to stand pat for a third straight meeting, while the remaining see the Overnight […]
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