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Indonesia to block use of ‘illegal’ cell phones

The government plans to block the use of cell phones bought in the black market to curb the distribution of such phones. The plan was announced after the government required all phone users to register their SIM cards. The Industry Ministry will reportedly implement the blockage through the International Mobile Equipment Identity (IMEI) number that identifies the device […]

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Philippines: Meat traders decry higher duty on deboned meat

MANILA, Philippines — Businesses and commodity prices are threatened by a Bureau of Customs (BOC) order requiring meat importers to pay the higher duty of 40 percent on mechanically deboned meat (MDM) which became effective with the implementation of the rice tariffication law, meat traders said. The Meat Importers and Traders Association (MITA) slammed the […]

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Thailand: Firms push for gradual daily wage increases

Business operators are urging the new government to raise the country’s daily minimum wage in line with a resolution of the tripartite committee and avoid the sharp rise promised during the general election campaign. For 2019, the tripartite committee representing employers, employees and the government agreed to increase the daily minimum wage by 2-10 baht […]

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Thailand: EEC perk extension to go before new government

The new government will be asked to extend the Board of Investment’s promotional investment packages for the flagship Eastern Economic Corridor (EEC) scheme for another year. Kanit Sangsubhan, secretary-general of the EEC Office, said the office will submit a proposal to extend the privilege packages, which are scheduled to expire on Dec 30, once the […]

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Thailand: Baht’s strength to continue: KTB specialist

Monday’s strong baht showing to rise Bt30.66  from Bt30.67 per US dollar on Friday, Krung Thai Bank’s chief markets strategist Jitipol Puksamatanan said on Monday. The baht has signed to continue its strength following capital inflow rising, although the resumption of US-China trade talks also points to a relaxing. “We forecast the baht ranks between […]

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Indonesia: Rupiah Expected to Strengthen; Trades for 14,050/US$ This Week

TEMPO.CO, Jakarta – Rupiah is projected to strengthen against the US dollar this week, supported by positive internal or domestic sentiments as well as external factors. Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta predicts the rupiah will move between Rp14,050 and Rp14,275 per US dollar. “There is a bullish inside bar pattern which indicates potential strengthening for the US […]

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