MANILA, Philippines — The Department of Finance (DOF), together with various trade regulatory government agencies (TRGAs), will harmonize the tariff codes used by government to classify goods in order to facilitate trade and improve ease of doing business in the country. Finance Undersecretary and anti-red tape czar Gil Beltran, in a report to Finance Secretary […]
Read MoreTEMPO.CO, Jakarta – The Tourism Ministry has revised upward the number of Malaysian touristsvisiting Indonesia this year to 2.6 million from 1.4 million. “In the January-June 2018 period, 1.4 million Malaysians visited Indonesia. Hopefully, the number will increase to 2,670,000 at the end of this year,” deputy assistant of marketing development at the Indonesian Tourism Ministry, Sumarni said on […]
Read MoreJust a month after customer data was reported stolen from Kasikornbank (KBank) and Krungthai Bank (KTB) by unidentified hackers, the local banking sector was dealt another blow on the Aug 31-Sept 1 weekend by an electronic system glitch that lasted several hours, leaving tens of thousands of customers stranded and delaying millions of financial transactions. The influx […]
Read MoreThe Hanoitimes – Trade costs in developing countries remain high, mainly due to administrative procedures, according to expert of the Global Alliance for Trade Facilitation (GATF) in Vietnam cited by the government portal. Obsolete trade regulations in associated with non-transparent and inefficient administrative procedures placed a burden on economic growth similar to an “invisible tariff” of […]
Read MoreThe highly competitive e-commerce market in Thailand is expected to drive growth in online retail, representing a 10% share of the overall retail market in five years from only 3% today, say leading players. Big names such as JD Central, a joint venture between Thailand’s Central Group and Chinese internet giant JD.com, are set to launch in […]
Read MoreThe Indonesian Private Electricity Producers Association (APLSI) has expressed concern over the government’s plan to postpone the construction of power plants worth US$23.9 billion. APLSI spokeman Rizal Calvary said state-owned electricity company PLN did not give a detailed explanation about the reason behind the postponement. “[The postponement] upset [those] who have an interest in the projects, particularly the creditors,” he said in […]
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