THE CENTREPIECE public infrastructure programme of the Duterte administration just got a big boost with the pledge of the Japanese government to funnel some US$8.7 billion (Bt308 billion) in aid and private investment into the Philippines over five years, a sign of the continuing strong friendship between the two countries.
The Vietnamese Finance Ministry has proposed in a draft law that would almost triple the environmental-protection tax on oil and gas consumption from the current 3,000 dong to 8,000 dong (Bt12.50) per litre.
THE INDONESIAN government has reiterated that local miners, particularly nickel, bauxite and copper miners, will be allowed to export their products should they express a commitment to build their own smelters and be able to supply domestic smelters with at least 30 per cent of their input capacity.
President Duterte pledged, on Sunday, to help build “a strong and resilient Asean (Association of Southeast Asian Nations) community and actively promote and enhance its interests” as the Philippines formally accepted the leadership of the 10-state regional bloc.
Statistics show that traveling abroad is gaining in popularity among the Chinese people, with travelers spending more on experiences instead of seeking shopping opportunities. As this trend has developed, female tourists have become the dominant demographic among outbound travelers.
Former Myanmar’s president U Thein Sein this afternoon received the Grand Prize of the 3rd Asia Cosmopolitan Awards (ACA) in recognition of his contributions to his country’s reform efforts and democratization under his leadership.
THE DEPARTMENT of Trade and Industry is drumming up opportunities for Japanese investors in five priority areas as Japan’s Prime Minister Shinzo Abe pledge a package of close to US$9 billion (Bt2319 million) in public and private inflows to the Philippines.
THERE ARE many opportunities for Singapore companies in Cambodia and Laos, and leaders of both countries have encouraged Singapore to increase trade and investments, Singaporean President Tony Tan Keng Yam said.
A FIRM ranked Metro Manila third to Bangalore and Mumbai as among the most attractive urban hubs for real estate developers, showing a shift of favour to emerging markets like India, the Philippines and Vietnam.
THE INCREASING quantity of remittances sent back home by overseas Vietnamese over the past few years has helped the country offset its trade deficit, reduce poverty and improve recipients’ living standards.