India has issued import licenses for 1.1 million tons of refined palmolein from Indonesia, government and trade sources told Reuters, a move that has surprised the industry as only last month New Delhi restricted imports of the commodity. A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its […]
Read MoreThe economy will continue to struggle, owing to the downside shock from the coronavirus outbreak and potential delays to the disbursement of fiscal stimulus. Growth of 2.4% in 2019 was already the slowest in five years, significantly lower than the 4.1% expansion in 2018. The National Economic and Social Development Council has lowered its 2020 […]
Read MoreThe Hanoitimes – As the 16th largest US trade partner, Vietnam will see its exports to the US more expensive because of the elimination of preferential tariffs. The Trump Administration has eliminated its special preferences for a list of self-declared developing economies that includes Brazil, China, South Korea, Singapore, Thailand, Malaysia, and Vietnam. The elimination resulted […]
Read MoreThe government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. Top Sopheak, a spokesperson for the Ministry of Tourism, said feasibility on the project has already been […]
Read MoreMANILA, Philippines — Foreign investment pledges approved by the country’s main investment promotion agencies surged to an all-time high of P390.11 billion in 2019, more than double from P179 billion in 2018, data from the Philippine Statistics Authority showed. These investment pledges were lodged at the Board of Investments, Clark Development Corp., Philippine Economic Zone […]
Read MoreCondo developers should extend the transfer period for Chinese buyers to avoid amplifying the glut, according to property brokerage Angel Real Estate Consultancy Co. Co-founder and president Simon Lee said developers should give Chinese buyers a longer period to pay for condo units they booked when they are ready to transfer if they cannot travel. […]
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Thailand
