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Indonesia’s revenue on track

WASHINGTON: Indonesia will not need to repeat last year’s major spending cut as the government’s revenue projections look “on track” amid strengthening growth, Finance Minister Sri Mulyani Indrawati said. Sri Mulyani said in an interview yesterday that the government would reallocate some spending within the budget to more “productive” areas that can support growth, such […]

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Cambodia: Investment down by $1B

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of Cambodia’s (CDC) annual report published yesterday. According to the report, […]

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Vietnam becomes China’s largest ASEAN trade partner

Business communities play an important role in accelerating bilateral trade between Vietnam and China, said Huang Xiaohang, vice chairman of the China Council for the Promotion of International Trade under the Zhejiang Provincial Committee (CCPIT Zhejiang). During a business conference yesterday in the capital, Huang said Vietnam has become China’s largest trade partner in ASEAN in […]

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Philippines: BOI investments up 31% in Jan-April

MANILA, Philippines – Investment pledges approved by the Board of Investments (BOI) jumped by nearly a third in the first four months of the year. BOI managing head Ceferino Rodolfo reported yesterday that the BOI had approved P154 billion worth of projects from January to April, up 31 percent year on year. “This is equivalent […]

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Singaporean enterprises keen on Hai Phong investment seminar

The Hanoitimes – An ASEAN market seminar “Capturing business opportunities in Vietnam’s third largest city: Haiphong” has taken in Singapore recently, attracting more than 80 participants, mostly Singaporean businesses coming from diverse industries. The seminar was held by the Singapore Business Federation in tandem with the Vietnamese Ministry of Planning and Investment’s Vietnam Investment Promotion […]

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