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Inequality a growing challenge for rising Asean

The Association of Southeast Asian Nations (Asean) had a lot to celebrate when it marked its 50th anniversary last year. The region has undergone a significant transformation from a bloc of underdeveloped countries to become one of the world’s most dynamic economic drivers.  Poverty has been reduced significantly and the quality of life has improved for […]

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Vietnam: Online transactions to be paid via banks compulsorily

The Hanoitimes – E-commerce transactions will be required to make payment via banks or authorized payment intermediary services compulsorily. It was drafted in the amended Law on Tax Management, which has recently released by the Ministry of Finance (MoF) for recommendation. According to the ministry, the proposal aims to better manage and collect taxes on e-commerce, […]

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Laos: High petrol prices fuel public transport changes

Vientiane State Bus Enterprise will raise the price of bus tickets across Vientiane due to constant price hikes in petrol, an official said on Friday. The Director of the Vientiane State Bus Enterprise, Mr Khamphoune Temerath told Vientiane Times on Friday that the some bus tickets that service Vientiane will be raised, with the new price implemented […]

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Vietnam: Fuel price as main driver to the CPI hike in April

The Hanoitimes – Vietnam’s consumer price index (CPI) in April moved 0.08% against last month, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29. Six among 11 commodity groups witnessed price increase in April. Among those, transportation lead the rank with 1.18% increase in prices, which is […]

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