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Indonesia posts record trade gap in 2018

JAKARTA: Indonesia posted wider-than-expected trade deficit in December, bringing the gap for 2018 to the largest ever, the statistics bureau said yesterday. December’s trade deficit was US$1.10bil, in a third consecutive month where the gap was wider than market expectations. A Reuters poll had expected a deficit of US$930mil. South-East Asia’s largest economy had a deficit of […]

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Philippines opens investigation into imported ceramic tiles

HANOI — The Philippines Department of Trade and Industry (DTI) has initiated a preliminary investigation on the application of safeguard measures on the import of ceramic floor and wall tiles from various countries, including Vietnam, according to the Trade Remedies Authority of Vietnam. The investigation will cover the period from 2013 to 2017. According to the DTI’s notice, the protest alleged that increased […]

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Cambodia: Economy grew 7.3 pct in 2018: Ministry

On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance. Presenting on the ministry’s latest report during a public forum on macroeconomic management and the 2019 budget law, Chheang Vannartith, the ministry’s deputy director-general, said […]

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