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Cambodia seeks direct rice exports to PH

Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI). Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation led by Secretary of State Kim Chan Sokty of the […]

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Thailand: EV battery excise tax to be reduced to 1%

A national committee on electronic vehicle policy, also known as the EV board, on Thursday agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24-billion-baht subsidy to the EV battery-producing industry. “The subsidy will be on a first-come, first-served basis,” said […]

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Indonesia’s economy likely lost some steam in Q4

BENGALURU, Feb 3 (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global recession could accelerate the slowdown this year, a Reuters poll found. Southeast Asia’s largest economy exported a record $292 billion in 2022, driven by high global commodity prices […]

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