Food export value is likely to miss its target by 30 billion baht this year as the strong local currency has led to a drop in orders of many items such as shrimp, canned tuna, tapioca and fruit juice. Yongvut Saovapruk, president of the National Food Institute (NFI), said the value of food exports is […]
Read MoreThe Energy and Mineral Resources Ministry has said that the Philippines’ plan to significantly increase its coal import tax in 2018 will not hamper coal trade between the two Southeast Asian countries in the immediate future. “At present, the Philippines still needs a huge amount of coal for its power plants. So we believe this new policy […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia never issue a permit to use candy as a means of transaction replacing rupiah. The use of candies instead of cash for a small exchange mostly found at modern retailers or groceries. Djoko Raharto, Head of Bank Indonesia representative office in Kediri stated that his office strictly bans the use of candy as a payment […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has raised its growth forecast for the Philippines to 6.7 percent this year and 6.8 percent in 2018, citing strong household consumption, manageable inflation and infrastructure investment. In a supplement to the Asian Development Outlook (ADO) 2017, the multilateral development bank said this year’s growth outlook for […]
Read MoreINVESTOR confidence in Myanmar has drastically dropped this year due to the lack of clear economic policies and action plans as well as other drawbacks such as skills shortage and rising labour costs, according to the second Myanmar Business Survey conducted by Roland Berger, a global consultancy firm. Thomas Klotz, the firm’s managing partner for […]
Read MoreThe Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6 per cent in 2017 as stronger-than-expected exports and domestic consumption fuel growth. Excluding Asia’s newly industrialised economies, growth is now expected at 6.5 perr cent this year, according to a new ADB report. In a supplement to its Asian […]
Read More
Thailand
