PETALING JAYA: The proposed Malaysia-European Union (EU) Free-Trade Agreement (FTA) is expected to boost total trade by 20% to 30% from the current 10%, said EU ambassador and head of delegation to Malaysia Maria Castillo Fernandez. She said this was based on the EU’s FTA with South Korea for the past five years, which rose […]
Read MorePETALING JAYA: Bank Negara expects the current account (CA) surplus to narrow in the years ahead, with the CA to register a surplus of between 1% and 2% of gross national income (GNI) this year. The central bank, in its annual report 2016, said the performance of the current account would continue to be influenced […]
Read MoreThe Ministry of Labor, Invalids and Social Affairs is devising a scheme on export of high-skilled workers given the abundant domestic labor force, and thus seeking input from major corporations. The minister asked the group for advice on amendments to the 2012 Labor Code in regard to retirement age, overtime, minimum wage, and welfare benefits […]
Read MoreThe Lao-Thai Railway Construction Project Phase II (Section I) is now completed, while Section II will begin operations at the end of this year. The project handover ceremony was held yesterday between the Ministry of Public Works and Transport and Neighbouring Countries Economic Development Cooperation Agency (NEDA) of Thailand. The ceremony was attended by Deputy […]
Read MoreMANILA (Reuters) – The Philippine economy is expected to expand between 6.5 and 7.0 percent in the first quarter or faster, the economic planning minister said yesterday, putting the government on track to meet its full-year target. The Asean economy is among the world’s fastest growing with gross domestic product expanding by 6.8 percent in […]
Read MoreThe Government has approved the border trade agreement between Vietnam and Laos, which was inked on June 27, 2015 in the central province of Nghe An. Ministry of Foreign Affairs has been instructed to process necessary foreign procedures relating to the agreement in accordance with regulations and laws. The agreement is expected to create a […]
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