Indonesia could become the centre of the global geothermal industry on account of its huge geothermal potential, President Director of PT Pertamina Geothermal Energy (PGE) Ahmad Yuniarto has said.
Cement producers expressed hope the Marcos administration’s policy of prioritizing local industries over imports — as what happened in sugar — would cascade to theirs and other sectors.
Investors from Thailand are mulling options to set up joint investments in Cambodia in some sectors, including processed food, agriculture, tourism, renewable energy, plastic, services, gems and jewellery.
The trade volume between Cambodia and China surged 15.6 percent year-on-year to $6.97 billion in the first seven months of this year, a General Department of Customs and Excise report said.
Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a risk to the outlook for the rest of 2022.
The Regional Cooperation Economic Partnership (RCEP) and the Free Trade Agreement with China have increased manufacturing factories in Cambodia.
Cambodian Prime Minister Samdech Techo Hun Sen said on Monday that the Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which entered into force earlier this year, will be a booster for regional and global economic recovery in the post-COVID-19 pandemic.
There remains plenty of room for Vietnam and Singapore to boost their economic, commercial, and investment ties on the back of the positive development of the strategic partnership that exists between both sides, says Singapore Ambassador Jaya Ratnam.