Indonesia is now an upper-middle income country, an upgrade from its previous status as lower-middle income, according to the World Bank’s latest country classifications by income level published on July 1.
Senior Officials from ASEAN and the People’s Republic of China reaffirmed the importance of their strategic partnership and agreed to further enhance their relations at the 26th ASEAN-China Senior Officials’ Consultation held online yesterday.
Malaysia, the world's second largest palm oil producer, will take legal action against the European Union's restrictions on palm oil-based biofuels with the World Trade Organization (WTO), calling the policy a "discriminatory action".
Indonesia's central bank (BI) is ready to further finance the government's budget deficit and "share the burden" in the fight against the COVID-19 pandemic, BI Governor Perry Warjiyo said on June 27.
TECHNOLOGY investments are the top investment priority for small businesses in South-east Asia this year. They are counting on technology to overcome the impact of the Covid-19 pandemic on their operations.
Asean leaders actively engaged with the Asean Business Advisory Council (Asean BAC) via video conference during their 17th Dialogue last Friday.
The Philippines’ gross domestic product (GDP) will likely shrink by 5.7-6.7 percent in the second quarter of 2020, much higher than the 0.2 percent contraction in the first quarter, according to Governor of the Bangko Sentral ng Pilipnas (BSP) Benjamin Diokno.
Local enterprises are being urged to strictly follow consumer trends, strive to improve product quality, and ensure reasonable prices in the face of fierce competition from other countries within the ASEAN bloc.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
