New US tariff exemption to spare $1-billion worth of Philippine goods
This came after US President Donald Trump issued a Nov. 14 executive order granting reciprocal tariff exemptions for goods that cannot be produced in large quantities stateside,…
Trade
Crowning of durian a thorny issue as Indonesia challenges Malaysia’s claim over king of fruits
Indonesians say they have a stronger claim to the durian as their national fruit, citing their country's larger production as justification.
Jakarta to allow US firms to sell energy to Indonesia without competitive bidding
Critics warn this preferential treatment distorts the market, potentially causing financial losses for Indonesian state-owned Pertamina by missing the best prices.
Stronger ringgit spurs more Malaysians to buy foreign currency
As a result, moneychangers are experiencing brisk business as Malaysians take advantage of the cheaper rates.
Cambodia–Vietnam trade deficit falls by a third
The reduction in the trade gap, an expert said, is due to several major factors, including increases in agricultural output, improvements in local manufacturing and processing…
Japanese soy sauce giant Kikkoman considers boosting production of Singapore plant
With per-capita income increasing in Asia, Singapore’s role will become more important,” said Mogi, expressing his intention to boost the company’s production capacity at…
Asian markets struggle as fears build over tech rally, US rates
The increasingly risk-averse mood on trading floors also dragged on the crypto sector, with bitcoin erasing all its gains this year — just over a month after hitting a record…
Vietnam, US make major progress in 5th round of trade talks
Major progress has been made on multiple issues, including services, digital trade, agriculture, technical barriers to trade (TBT), and sanitary and phytosanitary standards (SPS),…
Nepali-made French fries make forays into US market
Butwal-based First Choice Foods ships its first containers abroad as demand grows. More than 35,000 farmers are linked to its supply chain.
Indian External Affairs Minister Jaishankar outlines India’s priorities at G7, engages multiple leaders
External Affairs Minister S Jaishankar held a series of bilateral and multilateral engagements at the G7 Foreign Ministers’ meetings in Niagara, Canada, meeting a host of world…