[BANGKOK] Thailand exported a record 11.48 million tonnes of rice in 2017, the commerce ministry said on Wednesday. The amount, which surpassed the previous record of 10.96 million tonnes in 2014, was worth over US$5.1 billion, said Adul Chotinisakorn, deputy chief of the commerce ministry’s department of foreign trade. Thailand, the world’s second-biggest rice exporter […]
Read MoreMANILA, Philippines — Despite some “stabilization” of investment growth, the Philippines will continue to be the fastest-growing economy in Southeast Asia, the World Bank said on Tuesday. In an update of its twice-yearly economic report, the World Bank said the Philippines’ potential growth accelerated to around 5-6 percent in 2013-17. That was more than a […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Agriculture claimed that Indonesia does not need to import rice as the domestic stock of 3 million tons produced in December 2017 will sufficiently meet the need of 2.6 million tons, an official said. “We do not need to import rice, as you can see from December to January, we had big […]
Read MoreThe Myanmar Investment Commission (MIC) is seeking to scale up domestic and international investments in the logistics and manufacturing sectors, according to law firm DFDL. The commission invited investors to develop logistics services located in major urban areas as well as trading hubs on December 26 last year. The specific types of investment areas open […]
Read MoreThailand’s dealmaking cycle is predicted to peak in 2019, with the value of both mergers and acquisitions (M&A) and initial public offerings (IPO) forecast to climb over the next two years, before easing back in 2020, according to the third edition of the Global Transactions Forecast, issued by Baker McKenzie and Oxford Economics. Globally, the […]
Read MoreMANILA, Philippines — During his first state of the nation address, President Rodrigo Duterte promised a “simpler” and “fairer” tax reform program, and he delivered after he signed a new law that overhauls the country’s 20-year-old tax regime. On Tuesday, December 19, Duterte signed into law Republic Act No. 10963, or the Tax Reform for Acceleration and Inclusion […]
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