President Marcos urges Asean to lead for peace in first overseas trip
President Marcos said he chose Indonesia as his first destination because the two neighbours are close geographically as well as in culture and ethnicity.
Trade
Key agreements, enhanced ties eyed in Marcos Jr’s state visits to Indonesia, Singapore
“I expect that we will be coming back with a harvest of business deals to be signed in my state visits that will further strengthen our economic ties with both Indonesia and…
Indonesia’s farmers yet to benefit from crude palm oil levy waiver
Previously, the government had announced a slashing of export levies for all palm oil derivative products until Aug 31 to boost exports and ease high domestic inventories.
China now buys half of Cambodia’s total milled rice exports
Experts also noted that the grains sold to traders involved in export to China fetch comparatively large sums.
Red flag raised as Korea suffers all-time high trade deficit
July 2022 was the first time in 14 years that the nation suffered a trade deficit for five consecutive months, since the period of Dec 2007 to April 2008.
Airlangga seeks to bring Batam, Singapore closer
This would be an effort to revive old plans for an Indonesia-Singapore-Malaysia growth triangle known as “Sijori”.
How trade with India may prove ‘cost-effective’
Sources say Pakistan could save foreign exchange by allowing direct import with lesser cost than sourcing through a third country, such as the UAE.
RCEP to benefit Indonesia’s food, transportation industries
The RCEP involves the ten ASEAN countries along with the east Asian economic powerhouses of China, Japan and South Korea and the Oceanian countries of Australia and New Zealand.
Korea, Mongolia to strengthen strategic partnership, cooperate on rare earth supply
A South Korean official also said that Seoul will explore ways to work together with Mongolia for diversifying the country’s supply chain.
Pakistan can ‘consider’ importing edible items from India after flood destruction: Finance minister
He also said the prices of vegetables had risen considerably due to shortages and that he had discussed the issue with the commerce and finance secretaries.