Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars. The request was to response to the proposal of the Vietnam Automobile Manufacturers’ Association (VAMA). VAMA said that Vietnam […]
Read MoreMANILA, Philippines — The country’s largest banks continue to take a hit from the interest rate cap imposed by the Bangko Sentral ng Pilipinas (BSP) on credit card charges for more than a year. Nestor Tan, president and CEO of Sy-led BDO Unibank Inc., said the cap on credit card interest rates imposed in November […]
Read MoreJAKARTA: Indonesian government officials told palm oil companies yesterday that an export ban announced late last week would cover shipments of refined, bleached, deodorised (RBD) palm olein but not crude palm oil (CPO), two industry sources told Reuters. Officials at the trade ministry and coordinating ministry of economic affairs did not immediately respond to requests […]
Read MoreThailand’s car exports in March dropped by 10.2% year-on-year to 93,840 units due to a shortage of semiconductors and auto parts, which could become even more scarce as a result of the Russia-Ukraine war, says the Federation of Thai Industries (FTI). The shortage has affected exports of many car models to the Australian, European and […]
Read MoreA majority of the panellists at a recent international conference observed that both the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA) have the potential to provide economic opportunities for Cambodia. The Asian Vision Institute (AVI), an independent think tank based in Cambodia, held the conference at Hyatt Hotel in Phnom […]
Read MoreMANILA, Philippines — Cargo volume handled by the country’s ports grew in the first quarter, driven by strong domestic trade which offset a slight decline in foreign cargoes. Data provided by the Philippine Ports Authority (PPA) to The STAR showed that cargo throughput reached 58.24 million metric tons (MMT) in the first quarter, up 2.66 […]
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