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Singapore firms bullish on Philippines

MANILA, Philippines – The strong economic fundamentals of the Philippines continue to lure foreign businessmen as a group of Singaporean companies is currently in Manila to explore business opportunities. In a press briefing yesterday, Philippines-Singapore Business Council (PSBC) co-chair Lo Chin Hua said many Singaporean companies have expressed interest in looking for potential projects in the Philippines, one of the […]

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Vietnam: Tuna export revenue surges 21%

HANOI — Vietnam’s tuna export turnover has risen 21 per cent year-on-year to hit US$271 million in the first half of 2017. Sharing export details, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that tuna fillet brought in the most revenue, accounting for around 48 per cent of total tuna exports, followed by […]

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Cambodia: Bananas find export appeal

Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. The order will be transported overland to port facilities in Vietnam […]

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Philippines: Inflation rises to 2.8% in July

MANILA, Philippines — Inflation slightly inched up in July after lower food prices partly tempered a hike in utility bills, the Philippine Statistics Authority reported on Friday. Consumer prices rose 2.8 percent on average last month, up from the revised 2.7 percent the previous month. From January to July, prices have already risen 3.1 percent. The year-to-date tally […]

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Lazada Malaysia to expand automotive products range

KUALA LUMPUR: Lazada Malaysia aims to expand the range of products under its automotive segment within two years, said chief executive officer Hans-Peter Ressel. He said there are about one million automotive products currently available on its platform, including oil and fluids as well as accessories, adding, demand for these had been increasing. “We are […]

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Indonesia seeks energy investments

JAKARTA: Indonesia wants Chevron Corp and ConocoPhillips to submit proposals to renew their licences to operate oil and gas fields as the former Opec member seeks to reverse a decline in energy investments. Energy and Mineral Resources Minister Ignasius Jonan asked Chevron executives last week to inform the ministry about the explorer’s plans for Indonesian […]

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