by Teuvo Tuomi | Apr 18, 2024 | China, Economy, News, Thailand, Trade
The Thai government is considering imposing a 7% value-added tax on Chinese goods priced less than 1,500 baht (US$40) routed through Thailand’s free trade zones to protect local businesses impacted by the flood of cheap imports. Currently, goods not exceeding the...
by Teuvo Tuomi | Apr 18, 2024 | News, Economy, Energy, Malaysia
The plan to remove blanket fuel subsidies this year is on track, Malaysian Economy Minister Rafizi Ramli says. The move is to reduce the national fiscal deficit. Last year, Rafizi announced the targeted RON95 subsidy program in the second half of 2024 to optimize its...
by Teuvo Tuomi | Apr 17, 2024 | ASEAN, Asia, Economy, News, Southeast Asia, Visions
According to the new Asian Development Outlook (ADO) by the Asian Development Bank (ADB), developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its growth amid robust domestic demand, improving...
by Teuvo Tuomi | Apr 17, 2024 | Economy, News, Thailand
The Thai Chamber of Commerce expects Thailand’s GDP for the second quarter of 2024 to likely exceed 3% and continue to perform well for the remainder of the year, citing the disbursement of the budget and the growing tourism sector as positive factors. There are...
by Teuvo Tuomi | Apr 16, 2024 | China, Laos, News, Travel
The China-Laos Railway handled 700,000 passenger trips in 2023, boosting tourism development, China State Railway Group reports. About 180,000 of the trips were made by passengers crossed the border on the railway, which marked the first anniversary of the...
