With the world racing to fight the COVID-19 pandemic, Indonesia may miss an opportunity to increase its role in the global value chain of the pharmaceutical industry because of regulatory issues, a think tank has said. According to the Center for Indonesian Policy Studies (CIPS) highlighted, the lack of government enforcement on the mandatory local […]
Read MoreMANILA, Philippines — A persistent pullback in both exports and imports continued to shrink the Philippines’ trade gap in May albeit at a slower pace than the previous month, with the government welcoming this as a sign of economic recovery from a shutdown meant to stem the spread of coronavirus infections. The Philippine Statistics Authority […]
Read MoreThe government on Wednesday issued a new regulation for its flagship incentivized training program to close loopholes in the previous regulation that prompted public criticism of systemic irregularities and conflicts of interest. The newly issued Presidential Regulation (Perpres) No. 76/2020 on the preemployment card allows the program management to demand that ineligible participants return the financial assistance (incentives) in full within 60 days. The management […]
Read MoreMyanmar’s gemstones market, which remained closed for months, is now slowly picking up with some traders reopening their shops. The traders have prepared to resume the gemstone markets as soon as the government allows them. “Some shops in Bogyoke Market in Yangon now reopens but receive very few foot traffic. The market has yet to […]
Read MoreThailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled 524.35 billion baht from January to May, with Malaysia […]
Read MoreThe New investment law is expected to make Cambodia an attractive destination for new investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, said Phan Phalla, Secretary of State at the Ministry of […]
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