MANILA, Philippines — The national government spent P219. 8 billion to settle its local and foreign debts in January, according to data from the Bureau of the Treasury (BTr). Debt service payments during the month were almost double the P146.054 billion in January 2020 as principal payments paid on a monthly basis increased during the […]
Read MoreThirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25. This comes as the Bilateral Trade Facilitation Agreement for 2021-2022 was formally ratified after the completion of internal procedures, with retroactive benefits for exports, the ministry said. The […]
Read MoreMANILA, 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 […]
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