THE VIENTIANE TIMES/ANN: Laos has achieved its target for exporting rice to China this month after the IDP Rice Mill of Laos signed a trading agreement with China National Cereals, Oils and Foodstuffs Corporation (Cofco) in November. Last year, the Chinese government agreed to purchase 20,000 tonnes of rice from Laos through Xuanye (Lao) Co […]
Read MoreThe TCC Confidence Index rose in November to 48.3 from the previous month’s 48.0, thanks to the government budget and rise in the number of foreign tourists during the high season. Thanavath Phonvichai, director of the Centre for Economic and Business Forecasting at University of the Thai Chamber of Commerce, said the improvement was mainly […]
Read MoreChinese buyers now make up the largest share of foreign purchasers in the Thai condominium market. In addition to the fast-growing segment from mainland China, other Chinese buyers come from Taiwan, Hong Kong, Singapore and Malaysia. This has prompted many developers in Thailand, especially listed ones, to market their projects abroad, with a special focus on Asian […]
Read MoreThe government will issue a new policy to boost exports after Statistics Indonesia (BPS) announced a US$ 2.05 billion trade deficit in November, the largest recorded in the last five years, according to Coordinating Economic Minister Darmin Nasution. “We will soon arrange the draft of new policy along with other ministries, particularly the Industry Ministry,” […]
Read MoreKUALA LUMPUR: The World Bank slashed Malaysia’s 2018 economic growth projection for the second time this year, bringing the forecast slightly lower than the Finance Ministry’s official guidance of 4.8%. The government’s declining expenditure as well as lower public and private investments have led the World bank to cut its gross domestic product (GDP) forecast […]
Read MorePWC Singapore has suggested a new tax exemption scheme for early-stage venture capital (VC) investment with a lower assets under management of about S$10 million to entice more VCs to bring overseas funds to invest in Singapore technology startups. In its Budget 2019 proposal published on Tuesday, the audit and consulting firm said the current tax incentive […]
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