VIETNAM’S Ministry of Finance is drafting a decree on cutting import tariffs to zero for eleven groups of products imported from Cambodia in accordance with an agreement on bilateral trade between the countries. These groups of products include meat, lemon, rice, cakes, raw tobacco leaves, plastic products, boxes, textiles and bicycles. According to the agreement, […]
Read MoreAS THE MYANMAR government prepares for “national branding” in international exhibitions, businesses are being encouraged to take part in a long-standing major trade show to be held in Hong Kong next year. Aung Soe, director-general of the Myanmar Trade Promotion Department (MyanTrade), said at a public seminar on Friday on “Mega Show Part I 2017” […]
Read MoreALTHOUGH MYANMAR IS aiming high to improve its trade volume this year, the government needs to reduce the long-standing trade deficit by boosting exports, local businesses say. Zaw Min Win, president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said that the unstable exchange rate, illegal trade and limited productivity may […]
Read MoreWith the government of Myanmar recently passing its new Investment Law, taking effect in April 2017, the country is showing its continued commitment to attracting foreign investment. After reopening its economy in 2012 following several political reforms beginning the year before, Myanmar has been receiving significant increases in foreign direct investment, reaching a high of […]
Read MoreThe outstanding debt of the national government breached the P6-trillion mark for the first time in end-September due to the weakening of the peso against the dollar, the Bureau of the Treasury said. The government’s debt stock as of end-September hit P6.09 trillion up 1.8 percent from end-August. Since end-2015, debts already rose 2.2 percent […]
Read MoreProposed labor policies, which include wage adjustments and the termination of the end-of-contract (endo) work arrangement, are seen to drag down the country’s already slumping export growth, the Philippine Exporters Confederation Inc. (Philexport) said. “By the looks of it, we will be lucky to end up with a flat export performance, not factoring in the […]
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