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Vietnam Jan-July trade deficit hits $3.08b

HANOI — Vietnam’s trade deficit was estimated at US$3.08 billion in the first seven months of this year, $380 million more than $2.7 billion in the first half, according to the latest data released by the General Statistics Office (GSO). The trade deficit from January-July equaled 2.7 per cent of the country’s export revenue in […]

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Brunei’s diving industry in spotlight

BRUNEI’S diving industry was recently in the spotlight during the launching of Brunei Diving Packages at the Serasa Watersports Complex. A total of eight diving packages were officially launched at the Serasa Watersports Complex in Serasa Beach on July 12 by Dato Seri Setia Awang Haji Ali bin Haji Apong, the Minister of Primary Resources […]

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Myanmar: Big Four firm hails Belt and Road as a “global game changer”

Foreign businesses are encouraged to join the game early to reap the long-term benefits A recent report from a multinational professional services firm praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the […]

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Indonesia Aims to Become World Largest Coffee Producer

TEMPO.CO, Makassar – Agriculture Minister Amran Sulaiman said that Indonesia is aiming to become the second largest coffee producer. Therefore, farmers are expected to step up production from 691,000 tons in 2016 to 1 million ton this year. “We are now [in] the fourth [rank]. We need to increase [production] to 1 million ton. If we can achieve it, we will rank second in the world,” he said yesterday, July 31, in Makassar. The minister said […]

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Philippines: Inflation likely slowed in July

MANILA, Philippines – Inflation likely eased in July due to stable food prices and lower electricity rates, the Department of Finance (DOF) said yesterday. DOF Undersecretary and chief economist Gil Beltran said the inflation rate may have slightly dropped to 2.7 percent in July from 2.8 percent in June. This was, however, up from the […]

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Vietnam’s firms to head to Thailand for ASEAN-India Expo

HCM CITY — The High Quality Vietnamese Product Business Association will lead a business delegation that will participate in the 2017 ASEAN-India Expo and Forum to be held this week in Bangkok. Organised by the Thai Ministry of Commerce, the event is meant to strengthen the strategic partnership between ASEAN and India and enhance trade, investment and tourism connectivity between them. […]

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