MANILA, Philippines — The Bureau of Customs once again surpassed its collection target due to the strong performance of majority of ports nationwide. According to preliminary data from the Financial Service division of the BOC, the agency collected P52.05 billion in customs taxes and duties in July, exceeding the target of P50.07 billion by 3.9 […]
Read MorePrime Minister Hun Sen yesterday said he will negotiate with Royal Railways, the company in charge of the local railroad network, to suspend fare charges on the line connecting Phnom Penh and Sihanoukville during the upcoming Pchum Ben holiday. Mr Hun Sen made a similar announcement on Wednesday, when he extended the fare-free period in […]
Read MoreCoordinating Economic Minister Darmin Nasution has warned that Indonesia relied very much on foreign capital because of the low savings rate among Indonesians. He considered it to be a factor of a weak fundamental economy. The minister said foreign capital entered Indonesia through portfolio investment such as stocks and government debt papers. Darmin explained about […]
Read MoreKUALA LUMPUR: Exports expanded by 7.6% year-on-year (y-o-y) to RM78.66bil in June, extending its growth for four consecutive months, driven by electrical and electronic (E&E) products, while China continuing to be a strong market. However, the increase in exports was below a Bloomberg survey of 11.5%. RAM Ratings expected Malaysia’s export growth to pick up […]
Read MoreAn HSBC study shows that overall investment into Asean to 2020 is expected to rise amongst Singapore-based companies with Thailand to be a key beneficiary. Thailand’s growing consumer market and overall investment climate are driving the expansion plans. The HSBC-commissioned report by the Singapore Business Federation sought the insights of 1,036 Singapore-based companies on their […]
Read MoreSMEs in Thailand and Maharashtra have the capability to explore joint collaborations in food processing, dairy, textiles and information technology sectors, according to Subhash Desai, minister for industries and mining in the central Indian state of Maharashtra, at the roundtable discussion on small- and medium-sized enterprises from Thailand at the World Trade Centre in Mumbai. […]
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