Thailand warns of dangerous fine-dust pollution World

Thailand warns of dangerous fine-dust pollution

The Thai government has advised people to wear masks when going out and consider working from home on February 2 and 3 to avoid PM2.5 fine dust pollution, which is currently at a dangerously high level.
Indonesia expects to end import of petrochemical products from 2027 World

Indonesia expects to end import of petrochemical products from 2027

Indonesia’s Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has expressed his hope that the largest economy of Southeast Asia will not import petrochemical products from 2027 thanks to petrochemical industry development in North Kalimantan’s green industrial area.
RCEP, CPTPP to boost Malaysia’s external trade beyond 2023 World

RCEP, CPTPP to boost Malaysia’s external trade beyond 2023

Malaysia’s external trade activities is expected to expand steadily beyond 2023 amid the impact of new trade agreements, apart from elevated commodity prices and lower interest rates, according to a research released on February 2 by Malaysian Industrial Development Finance Berhad (MIDF).
Indonesia mulls reducing tax on EVs sales to 1% ASEAN

Indonesia mulls reducing tax on EVs sales to 1%

Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment.
Malaysia strives to lower national debt World

Malaysia strives to lower national debt

Malaysian Prime Minister Anwar Ibrahim said the government will work to gradually reduce the national debt and budget deficit, without resorting to raising taxes that hurt the poor.
CLMV countries to grow stronger this year: Thai bank World

CLMV countries to grow stronger this year: Thai bank

The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks.
Thai economy may grow 4% this year World

Thai economy may grow 4% this year

Thailand's economy could grow as much as 4% this year, the fastest rate in five years, thanks to the recovery of the tourism sector and domestic consumption, Thai Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on February 1.
Indonesia plans to ban copper exports in 2023 ASEAN

Indonesia plans to ban copper exports in 2023

Indonesian president Joko Widodo said his government will soon consider halting the export of unprocessed copper ores to encourage domestic processing of raw materials in the country’s industrialisation push, following a similar policy on nickel and bauxite.
Singapore’s inflation remains high in 2023: Economists ASEAN

Singapore’s inflation remains high in 2023: Economists

Based on latest data from Singapore’s Ministry of Trade and Industry and Industry (MTI), many economists have forecasted that the country’s inflation will remain high in 2023, despite signs of reduction from global price pressures.