Indonesia wants the next World Trade Organization (WTO) director-general to uphold the multilateral trade system, support developing countries’ interests and be able to handle the United States-China trade war, an official has said. Syamsul Bahri Siregar, the country’s ambassador to the Geneva-based trade body, said on Tuesday that the candidate should also be willing to […]
Read MoreThailand has kick-started efforts to forge a free trade agreement (FTA) with the European Free Trade Association (Efta), a regional trade bloc consisting of Iceland, Liechtenstein, Norway and Switzerland. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said on Wednesday after a seminar dubbed “Efta New Market in New Normal”, the department hired the Institute of […]
Read MoreMANILA, Philippines — Provisioning for bad loans by most banks in Asia-Pacific (APAC) is expected to remain elevated until next year, with the Philippines booking the highest increase as the economic downturn amid the COVID-19 pandemic continues to strain borrowers’ repayment capacity, according to Fitch Ratings. In a report titled “APAC bank provisioning set to […]
Read MoreA special Frequent Commuters Pass (FCP) arrangement has been introduced for frequent commuters crossing the border, said Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah. “There are those who travel frequently across the border, such as workers who commute […]
Read MoreSINGAPORE: Singapore’s central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver of a rebound, a Reuters poll showed. The Monetary Authority of Singapore (MAS) will keep its monetary policy settings […]
Read MoreIn keeping with projections that the economy will take about three years to fully recover, Berli Jucker (BJC) has lowered its retail investment for the next three years. Aswin Chareonvikul, chief executive of the SET-listed consumer goods maker and operator of Big C hypermarkets, said yearly spending for Big C Supercenter will be cut to […]
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