MANILA, Philippines — Businesses in the Philippines are still largely unenthusiastic on the benefits of membership in the Association of Southeast Asian Nations (ASEAN), according to a study by the Philippine Institute for Development Studies (PIDS). The results of the study titled “What does the ASEAN mean to ASEAN peoples?” showed the business sector in […]
Read MoreTEMPO.CO, Jakarta – The Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that he will give 5-10 percent stake in PT Freeport Indonesia to Papua local governments amid negotiations to divest the company’s 51 percent stake. Luhut said that divestment of Freeport’s stake is expected to be completed by 2019. According to him, the government will raise more […]
Read MoreSmokers could be required to pay an additional 10 baht per pack for low-priced cigarettes after the new excise rate takes effect on Saturday, while the levy on expensive brands will be increased at a lower rate with the aim of narrowing the price gap between the two segments, says a source at the Finance […]
Read MoreHANOI — The Government has instructed corresponding administrative authorities to aim for a 0.5 per cent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity. Under Resolution 84/NQ-CP issued last week, Prime Minister Nguyen […]
Read MoreThailand is counting on Japan to play a bigger role not only in the country but also in Asean, asking the Japanese to join the development of a high-speed train network in the East-West Economic Corridor (EWEC). Deputy Prime Minister Somkid Jatusripitak said Thailand is continuing its plan of developing the EWEC along with the […]
Read MoreTHE Philippines’ trade deficit narrowed in July as imports dropped amid double-digit growth in exports, prompting optimism from the government about prospects for the rest of the year. “The country’s balance of trade in goods … [was]$1.65 billion in deficit in [July] 2017, lower than the $2.37 billion in July 2016,” the Philippine Statistics (PSA) […]
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