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Asean pushes to wrap RCEP this year

Asean economic ministers are committed to wrapping up talks on the Regional Comprehensive Economic Partnership (RCEP) by the end of this year, despite sluggish global economic prospects.  Yesterday, Chutima Bunyapra-phasara, the acting commerce minister, said at the first day of two-day Asean Economic Ministers’ Retreat held in Phuket, that as Asean chair Thailand will try to […]

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Thailand: Plastic packaging industry braces for eco-friendly measures

Plastic packaging producers should be prepared for new government measures because it has set a goal to ban seven single-use plastic types by 2025, says Siam Commercial Bank Economic Intelligence Center (SCBEIC).  Nattanan Apinunwattanakul, an analyst with SCBEIC, said the measures call for production of more degradable packaging products, such as bioplastics, as well as using materials […]

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Philippines: 3 foreign groups express interest in Hanjin takeover

MANILA, Philippines — Three foreign groups are planning to submit business proposals for the possible takeover of the shipyard facility of financially troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil Inc.) in Subic, according to the Board of Investments. Ceferino Rodolfo, BOI managing head and Department of Trade and Industry undersecretary, told reporters that Dutch shipbuilding firm […]

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Malaysia: Govt will monitor ringgit performance, says Guan

KUALA LUMPUR: The government will monitor the ringgit‘s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit‘s performance should be evaluated on an annual basis, as it was normal for the value of currencies to fluctuate from day to day. “The ringgit‘s fluctuations are […]

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Indonesia: Govt issues new rule on incentives, facilities for investment in regions

The government has issued a new regulation on incentives and facilities for investment in Indonesia’s regions (provinces, cities, regencies) in an effort to boost economic growth across the country. Government Regulation No. 24/2019 on incentives and facilities for investment in regions was issued on April 2, kontan.co.id reported Monday. The new regulation provides more details than the previous […]

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Cambodia-Thailand rail reconnected after 45 years

A railway reconnecting Cambodia and Thailand was officially inaugurated on Monday following a 45-year hiatus, with the two kingdoms’ prime ministers in attendance at the ceremony. On the occasion, Cambodian Prime Minister Hun Sen and Thai Prime Minister Prayut Chan-o-cha travelled together from Thailand’s Khlong Luek Railway Station to Poipet Station in Banteay Meanchey province. […]

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