China’s financing of Belt and Road Initiative projects in Cambodia could lead to increased debt distress, according to a recent analysis, though the Kingdom’s low overall debt makes it unlikely to default in the near future. According to a policy paper released by the Center for Global Development, Cambodia will likely see a significant rise […]
Read MoreMANILA, Philippines — Consumer confidence in the first quarter of the year slumped mainly due to expectations of increased prices of goods, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Rosabel Guerrero, senior director of the BSP Department of Economic Statistics, said Filipino consumers turned less optimistic in Q1 2018, as reflected by the confidence […]
Read MoreMember countries of the Lancang-Mekong Cooperation (LMC) have gained tangible benefits with prospects for greater fruitful cooperation in the years to come, diplomats say. The encouraging remarks were made as the LMC member countries – Cambodia, China, Laos, Myanmar, Thailand, and Vietnam – celebrated the second anniversary of the LMC last week. In his address […]
Read MoreThe government plans to introduce an excise on plastic in May to reduce the use of the material. The Finance Ministry’s customs and excise director general, Heru Pambudi, said in Jakarta on Monday that a draft of a government regulation was being discussed by the relevant government agencies. “An interministerial committee tasked with drafting the […]
Read MoreThe Hanoitimes – National flag carrier Vietnam Airlines and AFI KLM E&M have signed a long term flight hour support contract covering the GEnx engines equipping the Vietnamese flag carrier’s fleet of Boeing 787s, which will grow to 19 Aircraft by 2021. The signing ceremony was witnessed by General Secretary of the Communist Party of Vietnam […]
Read MoreSome high-end cars are looking a little cheaper following a reduction in taxes on special goods under the new 2018 Union Tax Law, which was signed into legislation on March 20. Under the new law, the Special Goods Tax has been halved to 10 percent from 20pc last year. Falling under that category are cars […]
Read More
Thailand
