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Thailand: Private sector stays cautious on exports

Thailand’s top business group is keeping this year’s export forecast at 3.5-4% as it remains cautious over a number of downside risks. Predee: Some factors still need monitoring The group is set to review the forecast at the next meeting in October. “Although there’s a greater chance that exports might register higher-than-expected value this year, […]

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Bank Indonesia: Deflation Not Caused by Weak Consumer Spending

TEMPO.CO, Jakarta – Bank Indonesia Governor Agus Martowardojo said that deflation and low core inflation do not necessarily indicate weak consumer spending. On the contrary, he said, they reflect the government’s success in controlling price. “Core inflation does not represent weak consumer spending,” he said yesterday at the Presidential Palace. The Central Statistics Agency (BPS) reports that […]

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Cambodia and Laos vow peaceful border solution

Foreign Affairs Minister Prak Sokhonn yesterday met his Lao counterpart Saleumxay Kommasith to discuss how to resolve remaining issues along the border between the two countries. The talks came four days after Prime Minister Hun Sen and Lao Prime Minister Thongloun Sisoulith met on the matter and agreed on four points to resolve disputes along […]

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Vietnam to make customs reform

HANOI — The Global Alliance for Trade Facilitation (GATF) will help Vietnam to establish a customs bond system – part of the country’s efforts to modernise and reform administrative procedures relating to import and export. The GATF and the Vietnam Private Sector Forum (VPSF) launched their joing project on customs bond last Friday, aimed at […]

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