The Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo) have opposed a government plan to increase import tax on goods that can be produced locally, saying it could backfire on the economy. “The Indonesian manufacturing industry is starting to grow. Don’t let [import tax] be counterproductive to efforts to encourage […]
Read MoreCentral Group, Thailand’s largest retail conglomerate, plans to raise the number of retail sites in Vietnam over the next five years to 720, almost four times last year’s number. According to Philippe Broianigo, chief executive of Central Group Vietnam and Big C Vietnam, the company is allocating US$500 million to expand in Vietnam during 2018-22. […]
Read MoreExports grew for a 17th straight month in July, elevating their performance in the first seven months to a seven-year high. The Commerce Ministry reported Wednesday that customs-cleared exports rose 8.3% year-on-year in July, fetching US$20.2 billion (662 billion baht), after growing 8.2% in June and 11.4% in May. Exports in baht terms rose by 4.1% […]
Read MoreMANILA, Philippines — Wholesale prices of building materials in Metro Manila, which influences the cost of government projects, rose at a slower pace in July, the Philippine Statistics Authority (PSA) reported. Growth in the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) slowed to 8.4 percent in July 2018 from 8.8 […]
Read MoreIndonesia’s rupiah has regained the crown of being Asia’s most volatile currency. Concern about the nation’s widening current-account deficit has focused attention on the currency amid a global selloff in emerging markets. A gauge of the rupiah’s swings over the past three months has surpassed those of South Korea’s won, ending a period of relative […]
Read MoreThe government will sign 17 memorandums of understanding (MoUs) with Chinese counterparts, expecting to capture new trade and investment for the flagship Eastern Economic Corridor (EEC) scheme. “The aim is to connect the EEC to China’s One Belt, One Road initiative,” Industry Minister Uttama Savanayana said, referring to the scheme to link southern China with Southeast Asia […]
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Thailand
