ASEAN News

December 17, 2018

Exercising control over a Thai company

The private limited company is still a relatively new concept in Thailand; the earliest laws dealing with companies were only passed in 1900, and one of the first corporations in Thailand, Siam Commercial Bank, was only formally established in 1906. Prior to this, businesses were usually organised as family partnerships that lacked any formal legal personality. […]

December 17, 2018

Philippines: Oil, gas exploration projects attract 13 applications

MANILA, Philippines — The country’s “Explore, Explore, Explore” program has generated 13 interested applications for the pre-determined areas for oil and gas exploration bared during last month’s launch. Eight parties have nominated new areas for oil and gas exploration activities. “We have 14 pre-determined areas (PDAs) under Philippine Conventional Energy Contracting Program (PCECP) and 13 have applied for the pre-determined areas,” […]

December 17, 2018

Singapore exports post first annual decline in 8 months, China risks grow

SINGAPORE: Singapore’s exports fell for the first time in eight months on a year-on-year basis in November with shipments to China, its biggest market, continuing their decline on slowing growth in the world’s second largest economy. The contraction comes as economists grow increasingly worried about the impact of Sino-U.S. trade tensions on demand from China, […]

December 17, 2018

Myanmar: Fiscal restructuring, discipline needed as budget balloons: World Bank

Public spending is expected to balloon in the next two years leading up to the 2020 General Election, potentially taking the fiscal deficit up to 6 percent as a share of GDP over the current fiscal year, according to government data. The K22.1 trillion Budget, which allocates more spending towards health, education and energy, is […]

December 16, 2018

Indonesia, EFTA sign long delayed free trade deal

JAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]

December 14, 2018

IMF projects Malaysia’s 2018 real GDP growth at 4.7%

KUALA LUMPUR: The International Monetary Fund (IMF) is projecting Malaysia’s real gross domestic product (GDP) growth at 4.7 per cent for 2018, compared with an earlier forecast of 5.3 per cent made on March 7. The IMF said headline inflation was declining and expected to average around 1.1 per cent this year. “Credit growth has […]

Malaysia’s construction sector expands 8.1% in 2Q 2023 – DoSM

Philippines: Government hikes budget for debt payment

Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

Economy Retailers must find competitive edge: experts

Up to 72 percent of enterprises support TPP

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