MANILA, Philippines – The government and the private sector will revisit the country’s export growth target following the strong outcome of merchandise exports in January. Department of Trade and Industry Export Marketing Bureau director Senen Perlada said the public-private Export Development Council (EDC) is likely to elevate this year’s total export growth target to as […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) plans to increase its 7-day reverse repo benchmark rate by over 25 basis points (bps). DBS Bank research group economist Gundy Cahyadi told Antara on Sunday, March 12, 2017, that The Federal Reserve’s plan to increase interest rates this month may trigger Bank Indonesia to follow suit. Considering current […]
Read MoreAs Thailand continues to negotiate more free trade agreements (FTAs), local businesses often struggle to reap the rewards of lower or zero tariffs offered for shipments. The Commerce Ministry reported exporters took advantage of US$52.5 billion worth of FTA preferences and lower tariffs allowed by the Generalised System of Preferences scheme last year, a rise […]
Read MoreTEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said that furniture and craft industry is one of export-oriented labor industry sectors that employ more than 500,000 workers. With such great potentials, the government target furniture exports to reach US$ 2 billion or around Rp 26.8 trillion. “The exports will total US$ 5 billion by 2020. The export markets are The United States, Japan, and Western Europe,” Airlangga claimed […]
Read MoreSINGAPORE (Xinhua) – Singapore’s retail sales increased by 2.0 per cent in January year-on-year, said the Department of Statistics Singapore (SingStat) on Friday. On a month-on-month basis, retail sales decreased 1.5 per cent in January 2017, SingStat added. Excluding motor vehicles, retail sales decreased 1.3 per cent. The total retail sales value in January 2017 […]
Read MoreMANILA (Xinhua) – Philippine trade grew 14.2 per cent in January this year buoyed by export receipts, the government said on Friday, while warning that US protectionist policies may hamper its momentum and global recovery. The National Economic and Development Authority said in a statement that the Philippines recorded a total 12.6 billion US dollars […]
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