PTT Exploration and Production (PTTEP) said on Tuesday it was suspending investment in Indonesia after the Indonesian government filed a $2-billion lawsuit against the Thai state-owned energy firm for alleged damage from an oil spill eight years ago. PTTEP executives, however, said Indonesia remained a strategic priority as it seeks to invest up to $4 […]
Read MoreInvestment proposals dropped 31% in the January-March period from a year earlier, but the state investment promotion agency expects they will quicken later this year, the agency chief said on Tuesday. Thai and foreign investors submitted investment applications worth a total of 62 billion baht in the first quarter of 2017, Hirunya Suchinai, secretary-general of […]
Read MoreMANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]
Read MoreThe World Food Programme (WFP) has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, DrKikeoChanthaboury, and WFP County Director and Representative, Ms Sarah […]
Read MoreWater vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar. The Yangon regional government had promised to implement a water taxi system on the Hlaing River and Nga Moe Yeik Creek. Tint Tint Myanmar won the […]
Read MoreDoes it make sense to impose a new tax on cross-border e-commerce transactions in Thailand to tackle profit shifting and tax avoidance by multinational firms? The government, for obvious reasons, certainly thinks so. Industry experts, however, may need some convincing. Thailand is making inroads into new tax rules with the government seeking what it terms […]
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