indo01
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Indonesia reviews CEPA after EU proposes cap on palm oil-based biofuels

Indonesia has said it is now reviewing negotiations over the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in response to a recent European Union proposal to put a cap on palm oil-based biofuels. “We are reviewing [the IEU-CEPA] comprehensively,” Trade Ministry international trade negotiation head Iman Pambagyo said on Wednesday as quoted by kontan.co.id. Indonesian and EU delegates […]

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Thailand: BoT tempers GDP outlook

The Bank of Thailand is less optimistic about the country’s economic outlook, trimming its 2019 growth forecast to 3.8% from 4% amid sluggish export demand and keeping the policy rate unchanged as widely expected.  The seven-member Monetary Policy Committee (MPC) voted unanimously on Wednesday to maintain the policy rate at 1.75% for a second straight meeting […]

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World Bank in $72M loan to Laos

THE World Bank has agreed to finance three major projects in Laos designed to reduce malnutrition in children and improve public resource use and service delivery. The bank’s Board of Executive Directors last week approved $72 million in the form of a concessional loan to finance the projects, according to a media release from the […]

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Interest from some local, foreign firms to buy Malaysia Airlines, Mahathir says

[KUALA LUMPUR] Some local and foreign firms have expressed interest in buying Malaysia Airlines, Malaysian Prime Minister Mahathir Mohamad said on Wednesday. Malaysia was still studying options for the financially troubled national carrier, he told reporters. “There are certain parties who are interested to buy (the airline), so we don’t reject (the possibility of selling),” […]

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