The Cambodian government will eliminate its export management fee in 2018, incurring an annual loss of $20 million in revenue, in order to stimulate the economy and reduce the cost of doing business in the Kingdom, according to the draft of the 2018 national budget. The elimination of the fee is expected to encourage investors […]
Read MoreTEMPO.CO, Jakarta – The Transportation Ministry is planning to build an airport in Sukabumi in 2019. Transportation Minister Budi Karya Sumadi said here on Tuesday that the ministry would survey the location for construction of the airport. “I have discussed with the regent regarding the construction of this airport. It could be between Sukabumi and Pelabuhan Ratu. We […]
Read MoreMANILA, Philippines — The country’s inflation rate quickened to a three-year high in October, driven largely by higher fuel and food prices as well as the weaker peso, the Philippine Statistics Authority (PSA) reported yesterday. Inflation, the movement of prices of basic goods and services, accelerated to 3.5 percent in October, higher than the 2.3 […]
Read MoreAn international airport project scheduled for construction by a Chinese developer in northwestern Laos’s Bokeo province has been canceled so that an airport built earlier in the province may be upgraded instead, sources say. The abandoned project was to have been built on land taken by the King Romans Group from local villagers in 2014, […]
Read MoreThailand’s central bank left its near-record-low key interest rate unchanged on Wednesday, as widely expected, amid signs of a strengthening economy and benign inflation. The Bank of Thailand (BoT) said at its policy review current interest rates remain supportive of growth and it expects the economy to grow faster than previously assessed. The Monetary Policy […]
Read MoreHANOI: Vietnam had a trade surplus of $2.2 billion in October, much higher than the government’s forecast of $900 million, the customs department said on Wednesday. Exports in October rose 4.9% from a month earlier to $20.3 billion, while imports edged down 0.7% from September to $18.1 billion, Vietnam Customs said on its website. Vietnam exported $174.5 billion […]
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