MANILA, Philippines — Meat importers said the recommendation of President Duterte to increase the minimum access volume (MAV) of pork imports is not enough to stabilize market prices. “It’s the right move to increase pork supply.“ However, this would not bring down the price of pork. Only with the reduction of import duty can this […]
Read MoreThe use of the US dollar is a remnant of the Khmer Rouge regime, symbolising the degradation of global confidence in Cambodia’s economic system. It is a daily reminder of the brutality that occurred during the civil war. “More than economic development, the use of the riel is a matter of our national pride,” said […]
Read MoreVietnam aims to become the second largest economy in Southeast Asia by 2030 thanks to its sound economic performance, Prime Minister Nguyen Xuan Phuc has said. Phuc unveiled the target while presenting the 2021-2030 national socio-economic development strategy and the 2021-2025 development plan at the national conference to popularize the recently-concluded National Party Congress’s resolution […]
Read MoreThe Thai stock market has the highest fundraising value among ASEAN countries in the first quarter of this year, the Stock Exchange of Thailand (SET) said on March 26. Dr Soraphol Tulayasathien, head of corporate strategy division, said Thailand’s fundraising as of February this year was 46.1 billion baht ($1.48 billion), followed by Indonesia’s 5.96 […]
Read MoreKUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said yesterday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]
Read MoreMANILA, Philippines — The Philippines is ramping up efforts to attract more foreign investors to take advantage of the impending recovery from the pandemic-induced recession, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno told participants of the virtual 2nd Philippines-Singapore Business and Investment Summit on Friday the impact of COVID-19 pandemic on […]
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