Indonesia’s retail sales fell again in July as consumers were still pessimistic, Bank Indonesia (BI) announced, as economists believe that indicators are showing signs of weak economic recovery in the third quarter this year. Retail sales in Southeast Asia’s largest economy fell 12.3 percent from a year earlier, a smaller drop than the previous month’s […]
Read MoreThe Hanoitimes – Vietnam sets an ambitious plan to develop LNG-to-power projects to make this a major energy source for the country. Singapore-headquartered Delta Offshore Energy (DeltaOE) has submitted a request for proposal (RFP), the first one of its kind for Vietnam, for a 25-year gas sales agreement. It’s aimed to seek suppliers of liquefied natural […]
Read MoreRESIDENTS are divided across the Asean-6 economies on whether they should leave the home for work and other activities, amid the deadly Covid-19 outbreak in the region. Across the board, the majority of workers in Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam reported that they have actively avoided working outside their homes. The share […]
Read MoreForeign investors have asked the Cambodia government to reduce the cost of a certificate of origin (CO), which is currently far more expensive than other countries in Asean. A certificate of origin is an official document used to certify that a product was wholly produced or manufactured in a country. It is generally a key […]
Read MoreThe revised loan-to-value (LTV) regulations will remain in place to curb risks accumulating in the property sector, says the Bank of Thailand. The central bank has continuously monitored and assessed the property sector since the revised LTV rules took effect in April 2019, said Nawaron Dejsuvan, assistant governor of the financial institutions policy group. The […]
Read MoreThe Hanoitimes – To ensure its place among front-runners in attracting global FDI in the future, Vietnam should prioritize quality over incentives in attracting investment capital, said an ADB expert. Many countries are offering Samsung better incentives than Vietnam, but the South Korean tech giant is still committed to the country, largely thanks to its constantly […]
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