TEMPO.CO, Jakarta – Owner of textile company Hesandra Indonesia, Fanti Wahyu Nurvita, reveals that batik sales for the premium market are experiencing a 30 percent drop in the last three years. “Conditions in the batik industry is not a booming market as it was four to five years ago,” said Fanti on Tuesday, October 3. She argues that the […]
Read MoreTEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita explains that there has been a shifting in the pattern of trading transactions recently. The ministry reminded that the rapid shifting on both buyers and sellers must be immediately anticipated by the business makers. “The lifestyle is shifting from offline to online, people used to walk to the nearest store to buy food, now [they] just need to press a button on their gadgets to do that,” said Enggartiasto during the […]
Read MoreThe government has collected more than K400 million in tax revenues in the three months since implementing a new gold tax on jewelry stores, said U Aung Moe, Deputy Director of Internal Revenue Department (Mandalay) on October 3. According to the statistics of Internal Revenue Tax Department, the tax money received from July, the period […]
Read MoreThe Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces. The loan is part of the ADB-backed Greater Mekong Subregion Southern Economic Corridor programme aiming to link […]
Read MorePM Nguyen Xuan Phuc hailed effective cooperation between the Vietnamese and Lao Ministries of Home Affairs, which has made positive contributions to the two nations’ friendly relations. The PM made that statement on September 29 at his reception for Lao Minister of Home Affairs Khammanh Sounvileuth who is on a working visit to Viet Nam. […]
Read MoreWhile the Asia-Pacific region is experiencing population ageing at an unprecedented rate, the growing number of young people in Laos can provide a significant momentum in driving economic growth. A senior economist from the Faculty of Economics and Business Management at the National University of Laos, Dr Phouphet Kyophilavong, told Vientiane Times on Wednesday that the country’s […]
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