HANOI — Fifteen firms won bids at the Ministry of Industry and Trade’s second auction of sugar import quotas in Hanoi on Wednesday. Vietnam must import 89,500 tonnes of sugar this year, following its commitment to the World Trade Organisation (WTO). The commitment consists of 44,000 tonnes of raw sugar and 45,500 tonnes of refined sugar. The […]
Read MoreMANILA, Philippines – Debt prepayments by Philippine borrowers including the national government rose 35.1 percent in the first four months, resulting in the further weakening of the peso against the dollar, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Prepayments on foreign debt by public and private firms reached $2.01 billion from January to April, […]
Read MoreTEMPO.CO, Jakarta – Malaysia and Indonesia will discuss plans to export crude palm oil (CPO) for biodiesel to China. Malaysian Plantation Industry and Commodity Minister Mah Kew Siong yesterday, August 24, said that the two countries will be discussing the plan to export CPO to China. The latter is seeking to adopt 5% biodiesel blended with petroleum diesel […]
Read MoreThe Myanmar Investment Commission will retain the power to approve or reject applications for tax incentives. Regional and state investment commissions are given 15 working days to review an application once they have accepted a submission from an investor, according to Notification No 25/2017 released by the Myanmar Investment Commission. The Myanmar Investment Commission (MIC) has […]
Read MoreGrab, Southeast Asia’s biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies Inc to capture exploding use of smartphones. Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as […]
Read MoreHANOI — After tasting success in the first seven months, the issue of Government bonds have been facing difficulty from early August with the bidders’ expectation of rising interest rate and decreasing bank liquidity. Following the unsuccessful auctions in the first two weeks of August, the State Treasury was more cautious last week, conducting an […]
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Thailand
