MANILA, Philippines— The ten leaders of the Association of Southeast Asian Nations on Sunday agreed to conclude the proposed free trade agreement between the ASEAN and India, Japan, South Korea, Australia and New Zealand. In their vision statement on partnership for sustainability, the ASEAN leaders concurred to exercise “maximum flexibility” to complete the FTA this year. […]
Read MoreThe government has been urged to provide airlines with incentives so that they can lower airfares, the costliness of which has been blamed for stagnation in the tourist industry. Indonesian Transportation Society (MTI) aviation analyst Suharto Abdul Majid said on Sunday that the government should not instruct airlines to decrease the prices of airplane tickets without granting any incentives. “I challenge the government; does it dare […]
Read MoreKUALA LUMPUR: Trade wars will not benefit any country in the long term, says International Monetary Fund (IMF) managing director Christine Lagarde. She said a trade war, despite offering a seemingly “short-term fix” which looks like a great opportunity for certain countries, would not necessarily develop into a long-term benefit with regards to expenditure and […]
Read MoreKUALA LUMPUR: Malaysia needs to increase its productivity if it is to achieve its goal to become a high-income nation in the next decade, said International Monetary Fund (IMF) managing director Christine Lagarde. She said despite the economic success over the past 20 years, Malaysia’s productivity did not grow as much as the country […]
Read MoreMANILA, Philippines — Debt watchers S&P Global Ratings and Moody’s Investors Service said the Philippine economy would continue to provide sound growth opportunities for Philippine banks. S&P said the Philippine economy’s strong growth trajectory would drive constructive development outcomes and close infrastructure gaps, while supportive fiscal policies and an improving investment climate would aid growth. […]
Read MoreAn oversupply of fresh palm nuts has prompted authorities to boost prices by marking up the price of cooking palm oil, much to the dismay of retailers. While such a move could boost palm nut prices, it could also impact food prices and the cost of living. Global crude palm oil (CPO) production is estimated […]
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Thailand
