ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalization to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto. The commitment came after the 52nd ASEAN Economic Minister (AEM) meeting on Tuesday, in which ministers gathered virtually […]
Read MoreKUALA LUMPUR, Aug 28 — A report highlighting the harmful environmental impact of coconut oil production by a researcher with links to the palm oil industry has sparked a heated debate over coveted green credentials in the multibillion dollar industries. The palm oil industry has received international negative attention, including consumer boycotts, in recent years […]
Read MoreMANILA, Philippines — More foreign funds exited the Philippines for the fifth straight month in July as investors continued to liquidate their holdings due to global uncertainties brought about by the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Foreign portfolio investments or hot money recorded a net outflow of $453.17 million in […]
Read MoreAmid global uncertainty, Vietnam continues to attract fresh FDI and remains an exception to a subdued private investment outlook of the Southeast Asian region in recent quarters. Despite the second Covid-19 outbreak that will likely moderate the pace of third-quarter growth, Vietnam is predicted to remain the strongest growth performer this year in the Southeast […]
Read MoreThe Industry Ministry will stimulate domestic car sales by working with the Finance Ministry to launch trade-in coupons, worth 100,000 baht each, for individual car owners who can also use their expense to reduce tax. Officials expect the scheme to boost car demand, which has plummeted during the Covid-19 pandemic, while reducing emissions from ageing […]
Read MoreSINGAPORE, Aug 27 — In view of how the Covid-19 pandemic has weakened the job market, the Ministry of Manpower (MOM) is raising the minimum qualifying salary for an Employment Pass (EP) by S$600 (RM 1,832.59) to S$4,500 in a bid to encourage companies to hire more locals. In a statement on Thursday (Aug 27), MOM […]
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Thailand
