MANILA, Philippines — State-run National Food Authority has failed anew to secure the 203,000 metric tons (MT) of rice via government to government (G2G) scheme after Thailand and Vietnam exceeded the agency’s reference price. During the bidding on Tuesday, the governments of Thailand and Vietnam both offered bids that were way above the NFA reference […]
Read MoreThe government is rolling out three measures aimed at tackling tumbling palm oil prices, including using it to produce electricity. Speaking after a cabinet meeting on Tuesday, government spokesman Buddhipongse Punnakanta said the cabinet took note of the Ministry of Agriculture and Cooperatives’ proposed measures intended to help shore up palm oil prices. He said 160,000 […]
Read MoreState-owned cement producer PT Semen Indonesia (SI) president director Hendi Prio Santoso says the company will be able to produce 53 million tons of cement following the company’s acquisition of PT Holcim Indonesia. “Semen Indonesia alone controls 40 percent of the cement market in Indonesia, while Holcim controls 15 percent of the market. It means […]
Read MoreTwenty-one companies will relocate their factories from Karawang, West Java to other regions on account of next year’s minimum wage increase, an official has said. “According to our records, between 2017 and 2018, 21 companies relocated their factories because they could not afford to pay wages,” said Karawang Manpower and Transmigration Agency head Ahmad Suroto said […]
Read MoreCambodia’s rice export fell 13.20 percent in the first ten months of 2018 due to two factors, the European Union stopped buying Cambodian rice and the 300,000 tonnes quota to China was not fulfilled, said Kann Kunthy, vice president and managing director of Amru Rice Cambodia. Mr Kunthy was commenting on a report from the […]
Read MoreVietnam news/ANN: Cuba was among the top five countries attracting Vietnamese investment in the first 10 months of this year, according to the Foreign Investment Agency. The agency, under the Ministry of Planning and Investment, reported that Vietnamese firms registered investments of $20 million in Cuba in the first 10 months of this year. Although the […]
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Thailand
