TEMPO.CO, Jakarta – President Joko ‘Jokowi’ Widodo and Philippine President RodrigoDuterte on Sunday (30/4) launched a ferry route between the two countries. The roll-on, roll-off (roro) ferry is set to ply the Davao-General Santos-Bitung route. With the launch of the service, both leaders expected a boost in trade. Jokowi said said the trade between the two countries would […]
Read MoreOver the past decade, the sharp increase in Vietnam’s production activities has resulted in a corresponding increase in freight traffic Vietnam is poised to begin a major upgrading of its transport infrastructure, a move which should improve the transportation of freight as well as assisting the development of logistics services. At present, logistics firms in […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising to between three and 3.8 percent this month due to higher oil prices as well as more expensive power and water. BSP Governor Amando Tetangco Jr. said inflation would remain elevated due to the upward adjustments in electricity and water rates as well […]
Read MoreThe Fiscal Policy Office (FPO) has raised its 2017 export growth forecast to 3.3% but is maintaining its economic growth projection at 3.6%. The upward revision of its 2017 export growth forecast from 2.5% predicted in January should have minimal effect on the overall economic growth estimate, said director-general Krisada Chinavicharana. The 160-billion-baht mid-year budget […]
Read MoreMANILA, Philippines – The Philippines has taken the limelight in Southeast Asia not only as the host of the ASEAN Summit this year, but also as a center of infrastructure development in the region given the government’s aggressive infrastructure push. The country’s lead infrastructure agencies said in a press briefing yesterday their respective infrastructure development […]
Read MoreThe Myanmar government is wooing Thai steel producers to set up a joint venture to produce hot-rolled coil steel in Bagan, according to the secretary-general of the Iron and Steel Club under the Federation of Thai Industries (FTI), Korrakod Padungjitt. He said the Myanmar government is building a steel factory in Bagan with total capacity […]
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