Economy and commerce
Investment
Japan to end preferential tariffs for China, four others
Japan has proposed stricter tariff rules that would knock five trading partners including China and Mexico off the list of countries receiving preferential treatment for emerging economies. A finance ministry customs committee said on November 24 that the list of nations qualifying for zero or minimal ...
Thailand evokes Temasek as Junta tries to revive state firms
Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises. A law to boost the governance of such firms and enable the creation of the holding company may ...
Cargill invests $50m in Thai facility
US-based Cargill is investing US$50 million to expand its poultry-processing operations at its facility in Nakhon Ratchasima province. The expansion will create 1,400 new jobs and add to the more than 13,500 people the company currently employs across 14 locations in the country. Cargill will engage ...
Stanchart: PH economy on track to beating ASEAN counterparts
Despite external headwinds, the Philippines is expected to grow the fastest among ASEAN economies until next year on the back of robust domestic demand and strong services exports, Standard Chartered Bank said on November 24. “The Philippines’ domestic growth engine is firing on all cylinders, ...
CA$11.9M initiative to boost ASEAN SMEs
Canada is working with ASEAN to deliver an ambitious five-year, CA$11.9 million initiative through a partnership with the Organisation for Economic Co-operation and Development (OECD) to support small and medium enterprises (SMEs) in the region.Keep reading ...
Thailand braces for Trump dumping TPP
Country needs to focus other bilateral and regional deals next year, officials say. Thailand should get ready to renegotiate the framework of the US-ASEAN free-trade agreement after US President-elect Donald Trump announced on November 22 that he would scrap the Trans-Pacific Partnership deal in his first ...
Trump sinks Asia trade pact, opening the way for China to lead
An ambitious Asia-Pacific trade pact linking the United States and 11 countries lay in tatters on November 22 after U.S. President-elect Donald Trump said he would kill the deal on his first day in office on Jan. 20. Trump’s statement appeared to open the way for ...
Changing Mekong currents compound dam anxieties in Southeast Asia
Several factors are disrupting the terrain for investment in large hydropower dams, and governments should take note. The government of Laos officially submitted the Pak Beng Dam to the Mekong River Commission in mid-November and has begun preparatory work around the future dam site. While ...
New fertiliser venture aims to satisfy growing demand
Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations on November 21 with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices. Cambodia’s Bayon Heritage Holding Group Co Ltd holds a 60-percent stake in the $2.2-million joint venture with partner ...
US President-elect Trump vows to withdraw from TPP on first day in office
US President-elect Donald Trump announced on November 21 that he will withdraw the United States from the Trans-Pacific Partnership on his first day in office. “I’m going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” ...
