The elderly poor are in line for a bigger monthly allowance after the cabinet approved a draft bill letting the government charge higher sin taxes. Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, said the cabinet yesterday agreed to raise the excise tax on liquor, beer and cigarettes by 2% to support the monthly living […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution predicted that the inflation rate will reach four percent by the end of 2017. However, he said that the government will attempt to suppress it below four percent. “I expect it will be 4 percent. But we will do our best to keep it lower,” said Minister Darmin on Tuesday, August 1. In July 2017, the Central Statistics Agency (BPS) recorded that the consumer price index experienced […]
Read MoreHCM CITY – The Fourth Industrial Revolution will create great challenges but also opportunities for Vietnam to take off, a seminar heard in HCM City on Sunday. Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart […]
Read MoreProjects registered with the Board of Investments (BoI) grew by 40 percent in January to July 2017 from a year earlier, the agency reported on Tuesday. At P294.8 billion compared to P210.4 billion during the same period last year, the BOI said the results underscored the country’s bright investment prospects. Jobs generated totalled 58,758, up […]
Read MoreTEMPO.CO, Jakarta – The Coordinating Minister for Economic Affairs Darmin Nasution said that he expects all special economic zones (SEZ) to operate this year. The government is currently developing SEZs in 11 regions: seven manufacturing economic zones and four tourism economic zones. “Mandalika SEZ will hopefully be inaugurated this month, followed by Palu SEZ,” Darmin said yesterday, August 1, at […]
Read MoreCambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates from a low-income country to lower-middle income nation, according to Commerce Minister Pan Sorasak yesterday. “We will have issues when the country moves up the income ladder and because of that […]
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Thailand
