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Indonesia to promote economic cooperation with Latin America

Indonesia will continue to promote economic cooperation with Latin America and the Caribbean through the Indonesia-Latin America and Caribbean Business Forum (INA-LAC Business Forum) slated for October 14-15, according to an official of the Indonesian Foreign Ministry. Jakarta (VNA) – Indonesia will continue to promote economic cooperation with Latin America and the Caribbean through the Indonesia-Latin America and Caribbean […]

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Vietnam: Experts identify new trends in the development of IPs

The impacts of the COVID-19 pandemic have slowed down the operations of businesses in industrial parks (IP), disrupting supply chains and labour, according to a recent report by the Ministry of Planning and Investment (MPI). Representatives of ministries, enterprises and foreign investors participated in the seminar ‘Identifying new trends in industrial park development’ on Monday to discuss, […]

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Philippines: Inflation seen climbing to 4.4%

MANILA, Philippines — New York-based Global Source Partners raised its 2021 inflation forecast to 4.4 percent from the original target of 4.1 percent as food prices are expected to remain elevated until the end of the year. Former finance undersecretary Romeo Bernardo, economist at Global Source, said this year’s projection was revised after the headline […]

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Cambodia: Phnom Penh Autonomous Port upgrades container handling capacity to 400,000 TEUs

The listed-Phnom Penh Autonomous Port (PPAP) launched its new container terminal on Monday, upgrading its full capacity in handling containers to 400,000 TEUs per year. The launching ceremony was presided by Sun Chanthol, Senior Minister and Minister of Public Works and Transport. The construction of the US$18.4 million container terminal began in 2019 and completed […]

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Thailand: Developers seek higher home ceiling price

The ceiling price of homes under the government’s mortgage loan scheme should be higher to help both local homebuyers and the property market in eastern provinces, while foreign ownership quotas for condos should be raised to boost demand from overseas. Meesak Chunharuckchot, president of the Chonburi Real Estate Association, said the ceiling price of 1.2 […]

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