MANILA, Philippines — The Association of Southeast Asian Nations (ASEAN) stands to benefit from the China-led One Belt, One Road initiative, as it would help further solidify cooperation within the region, the Department of Finance (DOF) said. Finance Secretary Carlos Dominguez said the Belt and Road Initiative is in line with the ASEAN’s efforts to […]
Read MoreA melting pot of diverse cultures and home to a rich bounty of resources, Asean has grown into a large and attractive destination for foreign investment in the five decades since its founding in 1967. While it is now the world’s seventh largest economy with a collective gross domestic product of US$2.3 trillion, Asean still […]
Read MoreMANILA, Philippines — The World Bank has offered to assist the Asia-Pacific Economic Cooperation (APEC) in crafting solutions that would ensure the region is financially resilient against disasters and calamities, the Department of Finance (DOF) said yesterday. In a report to Finance Secretary Carlos Dominguez, Finance Assistant Secretary Paola Alvarez said the World Bank has […]
Read MoreThe fourth industrial revolution and rapid adoption of e-commerce, along with changes in business models and supply chains, are challenging logistics operators in Asia to adopt new technology and adapt to new customer expectations. Gone are the days when individuals and businesses were content to wait for days or weeks for something to arrive. They […]
Read MoreThe import duty on 703 items will be slashed from Jan 1 next year to comply with the Asean-China Free Trade Agreement (ACFTA). The levy reduction will result in a Customs Department revenue loss of 800 million baht per year, said director-general Kulit Sombatsiri. The 703 items were charged import duties that ranged from 15-20%, […]
Read MoreI am delighted that my first meeting with the leaders of the Association of Southeast Asian Nations has come at a historic moment: the 50th anniversary of Asean’s founding. During those 50 years, not only my country, the Republic of Korea, but almost all of Asia has been utterly transformed. Asean’s role in harnessing and […]
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Thailand
