SINGAPORE: Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3%. Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to […]
Read MoreThe import duty on 703 items will be slashed from Jan 1 next year to comply with the Asean-China Free Trade Agreement (ACFTA). The levy reduction will result in a Customs Department revenue loss of 800 million baht per year, said director-general Kulit Sombatsiri. The 703 items were charged import duties that ranged from 15-20%, […]
Read MoreI am delighted that my first meeting with the leaders of the Association of Southeast Asian Nations has come at a historic moment: the 50th anniversary of Asean’s founding. During those 50 years, not only my country, the Republic of Korea, but almost all of Asia has been utterly transformed. Asean’s role in harnessing and […]
Read MoreMANILA: Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, amid plans by a government panel to seek the removal of the policy. “I assure you that this is one of the instances when I personally asked the President if there’s been a change in policy. […]
Read MoreThailand’s economic growth is expected to expand by 3.7-4% during the three months to September mainly because of stronger growth in exports and tourism, say economists. Charl Kengchon, managing director of Kasikorn Research Center (K-Research), forecast the economy grew 3.8% year-on-year during the third quarter, up from 3.7% in the second quarter. “The stronger growth […]
Read MoreThai small and medium-sized enterprises (SMEs) are being urged to brace themselves for disruptive technology and integrate technology in their business models to keep them ahead of the curve after latest findings suggest they are losing competitiveness. According to Bank of Thailand governor Veerathai Santiprabhob, disruptive technology is presenting a strong challenge to SMEs. Compared […]
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