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Vietnam’s Defense Ministry to speed up SOE equitization

The Hanoitimes – The ministry has been requested to downsize its wholly-owned companies to 17 by end-2020. Vietnam’s Ministry of National Defense will step up the equitization and divestment drive of state-owned enterprises (SOEs) under its umbrella to downsize its SOE portfolio to 17 by 2020 from 88, an official has said. The ministry will sell […]

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Philippine trade gap persists in August

MANILA, Philippines — The Philippines’ trade deficit persisted in August, the government’s statistics agency reported Wednesday, after exports’ sluggish performance failed to match imports’ accelerated growth pace. The country’s trade deficit stayed above $3 billion for five consecutive months to reach $3.513 billion in August from $3.546 billion shortfall posted in July. In August 2017, the trade gap was at […]

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Thailand: Coconut licences to be revoked

The Commerce Ministry is set to blacklist 10 coconut importers who failed to provide clarity on their import data as part of efforts to deal with the domestic coconut price slump and help protect domestic growers.  Adul Chotinisakorn, director-general of the Foreign Trade Department, said officials recently launched an inspection of 29 coconut processing factories nationwide […]

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Thailand: Fruit juice producers to protest sugar tax

Doi Kham Food Products Co, the maker and distributor of Doi Kham fruit juice, will team with the Thai Beverage Industry Association to meet the Excise Department later this month as it aims to revise the sugar consumption tax, which it says has hurt the fruit juice industry.  Pipatpong Israsena, the company’s president and chief executive, […]

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