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Bank Indonesia Predicts Decline in Commodity Prices in 2018

TEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowardojo predicts a slightdecline in commodity prices next year. It would have an impact on the government’s economic growth target of 5.4-6.1 percent set out in draft 2018 state budget. “We expect consolidation of real sector, corporations and banks to be concluded so that 2018 could […]

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Myanmar: All food products must have labels: FDA

All local food products have to be labeled to ensure quality and safety, according to officials from the Food and Drug Administration (FDA). According to the FDA, producers and those found selling food products without labels would face action starting from the end of June. The FDA had announced that due to safety considerations, all […]

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Thailand: Exports climb for a second month in April

Thai exports expanded for a second straight month in April, boosted by the global economic recovery and higher prices for farm products and oil. The Commerce Ministry yesterday said customs-cleared outbound shipments rose by 8.5% year-on-year in April to UScopy6.9 billion after a 9.2% jump in March. “Shipments fared well in almost all markets,” said […]

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Vietnam gov’t firm on GDP target

The Vietnamese government is adamant that it will be able to meet an economic growth target of 6.7 percent for this year, despite outlooks suggesting the real rate might be much lower. After the opening of the third session of the 14th lawmaking National Assembly on Monday, Prime Minister Nguyen Xuan Phuc convened an urgent […]

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Vietnam, Indonesia vessels clash in South China Sea

Indonesia says several Vietnamese fishing vessels escaped its waters following a show of force by Vietnam’s coast guard in the South China Sea. Indonesia’s Maritime and Fisheries Ministry said Tuesday that Vietnam is holding an Indonesian fisheries officer, who was aboard one of the Vietnamese vessels, and Indonesia has 11 Vietnamese crew members in its […]

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