MANILA, Philippines — The Philippines is losing billions of dollars in potential mining investments because of policy stalemate hounding the industry, an independent think tank said. Stratbase ADR Institute said the local mining industry has become stagnant over the past few years with orders banning new mining projects and the open pit method. “Our ability to efficiently […]
Read MoreThe Hanoitimes – The International Air Transport Association also estimated that between now and 2020, passenger transportation in Vietnam is expected to rise by 16 percent, and from 2020 to 2030, by 8 percent. The Vietnamese government is planning to open up more opportunities for foreign investors in the aviation industry with an aim to improve […]
Read MoreThe Energy and Mineral Resources Ministry has issued one-year export permits for gold and copper miners PT Freeport Indonesia (PTFI) and PT Amman Mineral Nusa Tenggara. The ministry’s mineral supervision and business director, Yunus Saifulhak, explained that the ministry had allowed PTFI to export 198,282 wet metric tons (wmt) of copper concentrate, while for […]
Read MoreThe Myanmar processed food industry needs more investment support in order to develop further, U Aye Win, chair of the Myanmar Food Processors and Exporters Association, told The Myanmar Times. Currently, Myanmar processes basic raw commodities such as rice, beans, maize and other agricultural products. Excess products are exported. However, the country also imports value-added processed […]
Read MoreIndustries that produce pollution may have to pay more taxes now that the government has embraced the National Green Growth Strategy. Under the strategy, which Prime Minister Thongloun Sisoulith endorsed on January 30, the Ministry of Finance will impose taxes to discourage industries from producing pollution and harmful waste. At present, industries pay corporate tax, […]
Read MoreLaos and Thailand have committed to increasing bilateral trade volume by 10 to 15 per cent annually as the two governments expect to meet the target of $12 billion in 2021, according to the Lao trade minister. As part of promoting an increase in two-way trade volume, the Lao and Thai governments have closely cooperated […]
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