Thailand readies bill to collect global tax from multinational firms
Finance Ministry to have bill ready in two weeks; new system expected to boost Revenue Department’s yearly earnings by 20 billion baht.
Business
High-speed sleeper trains to link China, Hong Kong
The high-speed sleepers will shorten the travel time between Hong Kong and Beijing to just 12 hours and 34 minutes, compared with more than 24 hours for the through trains,.
Cup noodles, instant coffee ‘in’ again as Filipinos deal with inflation
Universal Robina Corp. saw brisk sales in its low-priced food products, including snacks and instant coffee, as consumers looked for cheap alternatives to deal with inflation…
No end in sight: low-income families reel from stubborn inflation
The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a…
Budget 2024-25: Pakistan’s public debt quagmire
Pakistan’s public debt — both domestic and foreign — has soared like anything in recent years to Rs67.5 trillion on government borrowing needs to finance its surging budget…
Thai government misses revenue target over 7 months by 2.7%
The government’s revenue in the first seven months of fiscal 2024 has missed the target by 39.1 billion baht or by 2.7%.
South Korea bets big on gas, oil prospects in East Sea
According to officials at the Industry Ministry, the review from Act-Geo reported that the buried amount of natural resources could be somewhere between 3.5 billion and 14 billion…
Japan, EU to agree to set rules for procurement in decarbonisation sector
Rules will be set in areas of solar, wind and hydrogen decarbonization regarding confirmation of any unfair governmental subsidies, independence from specific countries, safety…
Five automobile manufacturers including Toyota Motor Corp. found to have committed fraud
The other four automobile and motorcycle manufacturers are Mazda Motor Co., Yamaha Motor Co., Honda Motor Co., and Suzuki Motor Co.
China-Europe freight route a ‘crucial lifeline’
The new route, spanning over 10,000 kilometers in about 35 days, seamlessly integrates rail and ocean transportation, crossing the Caspian and Black seas to reach its final…