Vietnam to improve science and technology market to reduce reliance on imports
Vietnam currently remains heavily reliant on the import of technologies and equipment.
Policy Matters
Indonesia’s 2023 Budget Law aims for 2.8% shortfall to escape commodity-prices trap
With a much lower deficit target, the government is also set to cut debt issuance to Rp 696.3 trillion, which is a 26 per cent drop from this year’s revised Rp 943.7 trillion.
Bongbong Marcos says Philippines ‘open for business’ with new Clark Airport terminal
He also said the new Clark Airport terminal is in line with the goal to make the Philippines a logistics center in Asia.
Hong Kong secretary for financial services visits Asian finance officials in Philippines
During the meetings, he encouraged the ADB to make use of the broad availability of financiers in Hong Kong for fundraising.
Japan-led equipment sales talks seek to boost flagging defence industry
At present, the export of Japanese defense equipment has been effectively left entirely up to private enterprises.
China expresses concern over US’ EV subsidy provisions
The provisions are suspected of violating the principles of the World Trade Organization such as most-favoured-nation treatment and national treatment.
‘Rigid policies not letting us soar’: Bangladesh aviation industry insiders
Pointing to the high rates of surcharge and import duty on spare parts, Managing Director of Novoair mentioned at least three private airlines that had to ground their fleet.
Bangladeshi banks can now maintain accounts in Chinese Yuan
An official said the government had declared the CNY as convertible currency in March 2014, but many banks are still not using the currency for foreign trades.
South Korea to invest 67 trillion won to spur provincial economy
To bolster its responsiveness to fears of oncoming recession and other geopolitical risks, the nation said it has decided to speed up its spending scheme.
Cambodia to push for establishment of RCEP Secretariat in Siem Reap
Prime Minister Hun Sen called on Beijing, on Aug 3, to support the setting up of the RCEP office in Cambodia.