Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS


Updated: February 11,  2019
• Current account deficit recorded at 2.98 percent of GDP in 2018
Bank Indonesia has announced that the current account deficit increased to US$31.1 billion, 2.98 percent of gross domestic product (GDP), in 2018 from the previous year, which stood at $17.29 billion, 1.7 percent of GDP.
““The current account deficit was still within safe limits, amounting to $31.1 billion or 2.98 percent of GDP,” said BI spokesman Agusman over the weekend in a statement.

• PHL eyes $7.3-M grant from Korean agency for e-invoice system
The Philippines is eyeing a $7.3-million grant from the Korea International Cooperation Agency (KOICA) to finance the proposed Electronic Receipt, Invoice, and Sales Reporting System.
In an emailed statement on Sunday, the Department of Finance (DOF) said that the Bureau of Internal Revenue (BIR) is now in the process of preparing a feasibility study in cooperation with the Korean government's development cooperation agency.

• Companies await electric vehicle regulation
Several companies have expressed their readiness to develop and operate electric vehicles although the government has not yet completed a regulation that would provide incentives for their development and adoption.
PT Bakrie & Brothers has announced that it would soon launch an electric bus, produced in cooperation with Chinese automaker Build Your Dreams Auto (BYD).

• Can Tho’s IZs lure $112m investment in 2018
Industrial zones in the Mekong Delta city of Cần Thơ attracted a total registered investment capital of US$112 million last year, 12 per cent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.

Nearly $110 million came from 12 newly-licensed projects with the remainder from nine existing ones which raised their capital levels.

• Property firms opt for bonds as bank loans dry up

Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VNĐ100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.

   Updated:  November 1,  2018
Malaysia
The FBM KLCI index lost 2.35 points or 0.14% on Thursday. The Finance Index fell 0.27% to 17202.44 points, the Properties Index up 0.29% to 879.72 points and the Plantation Index rose 0.02% to 7360.5 points. The market traded within a range of 10.11 points between an intra-day high of 1711.39 and a low of 1701.28 during the session.

Actively traded stocks include SEACERA, DSONIC, PRESBHD, ORION, HIBISCS, MYEG, HSI-H4V, NGGB-WA, SEACERA-WC and HSI-C3X. Trading volume decreased to 2180.55 mil shares worth RM1660.32 mil as compared to Wednesday’s 2332.86 mil shares worth RM2377.33 mil.
Asean
Singapore shares climbed to a one-week high on Thursday as lenders rallied after Oversea-Chinese Banking Corp posted a record quarterly profit, while other markets in the region were subdued.
More


     Updated: June 11, 2018
Inflation may yet peak —Diokno
This report provides a summary of the discussion from a CSIS roundtable held on April 13, 2018, as part of the CSIS-Pertamina Energy Initiative. The discussion brought together government, industry, and policy experts to explore the outlook for the region’s energy mix out to 2040, the state of renewable energy in Southeast Asia, and its role in the region’s energy priorities. This was the first in a series of events that will be convened this year to examine the role of renewable energy in Southeast Asia and its security, economic, and political importance in the Indo-Pacific.
More
Free Download
Executive Guide to Success

CAREER GUIDE
FREE DOWNLOAD

WHAT YOU NEED for SUCCESS

Entrepreneur Guide
Free Download



(Ma Xuejing/China Daily)

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com