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Uneven growth seems to be new normal for Singapore economy

SINGAPORE – Manufacturing – now the brightest spot in the Singapore economy – turned in yet another outstanding performance last month, thanks largely to electronics makers. This allayed some concerns that factories, which have been a key growth driver this year, might be losing steam. Even if manufacturing continues powering ahead, however, the fact remains […]

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Vietnam: Indonesia seeks to boost palm oil, paper trade

HANOI — Vietnam’s import of palm oil and paper from Indonesia could experience a year-on-year increase of 38 per cent, Indonesian ambassador to Vietnam Ibnu Hadi said on Wednesday. While addressing a seminar held by the Indonesian Embassy in Vietnam with the aim of linking the two countries’ businesses in the trade of palm oil […]

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Singapore carrier plans to fly to Cambodia, Laos

Singapore-based airline Scoot, a low-cost carrier, announced its intention to expand its services into Cambodia and Laos, according to a report in Thai newspaper the Nation. Currently, Scoot has scheduled flight services to 65 destinations including Vietnam, Myanmar and Thailand. The company said that it has plans to include flights to Cambodia and Laos over […]

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Cambodia: Tax department rakes in $1.2B in revenue

The General Department of Taxation (GDT) collected a whopping $1.19 billion in tax revenue during the first half of this year, an increase of 32 percent compared to the same period last year, led by a surge of value-added tax (VAT) and profit-tax revenue. The huge gains appear to be an indication that efforts by […]

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Asean firms win bid to supply rice to Philippines

MANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]

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