New Study to Help Grow Exports of Philippine Products to EFTA Nations

New Study to Help Grow Exports of Philippine Products to EFTA Nations

The Department of Trade and Industry’s Export Marketing Bureau (EMB) inked a tripartite agreement with the Swiss Embassy in Manila and the Swiss Import Promotion Program (SIPPO), for conducting a market study with the objective of enhancing the Philippines’ trade with...
EVFTA Creates New Opportunities for Vietnamese Agricultural Exports

EVFTA Creates New Opportunities for Vietnamese Agricultural Exports

Vietnam is expected to significantly increase its agricultural exports to the EU as a consequence of the recently concluded EU-Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Agriculture and Rural Development, leading agricultural exports will...
Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 for the purpose of supplying capital to help develop Korean industries and the national economy....
Thailand’s Economic Updates for July 2020

Thailand’s Economic Updates for July 2020

The impact of COVID-19 has been negative for Thailand’s export- and tourism-reliant economy. According to Thailand’s Fiscal Policy Office, the Thai GDP is forecast to contract by -8.5% this year. In July, however, the Thai economy showed some signs of improvements...
Indonesia to Prioritize Three Sectors for 2021 Budget

Indonesia to Prioritize Three Sectors for 2021 Budget

The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President Joko Widodo proposed a USD 185 billion budget in mid-August, which will see a GDP deficit of...
Singapore Establishes Asian Institute of Digital Finance

Singapore Establishes Asian Institute of Digital Finance

The Asian Institute of Digital Finance (AIDF), a research institute that will develop deep capabilities to support the needs of digital financial services in Asia, will begin operating at the end of the year, as a result of a partnership between the Monetary Authority...
Indonesia to Prioritize Three Sectors for 2021 Budget

Amendments to Civil and Commercial Code Improve Thai Business Climate

Thailand’s Government, aiming to support business and to simplify the process of setting up and conducting business in the country, has approved in June 2020 new amendments to the Civil and Commercial Code (CCC), with the expectation that the proposed amendments will...