logo
Read More

Philippines: Export growth target to be revised upward

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 More
582693_620
Read More

Indonesia: BI Increases Reference Rate

TEMPO.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 More
2246401_620x413
Read More

Thailand: Struggling with free trade

As 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 More
544695_620
Read More

Indonesia: Industry Ministry Targets Furniture Exports to Reach 26.8tn

TEMPO.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 More