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INDONESIA
1.EXPORTERS SEEK TO SPLIT TARIFFS WITH US BUYERS — THE JAKARTA POST
Indonesian exporters are looking to split the tariff load with their buyers in the United States to maintain a competitive price, the success of which economists say ultimately rests on how high the import duties imposed on other countries get since pressing down cost to maintain a margin is easier said than done.
2.AGRICULTURE MINISTER: RICE IN JAPAN COSTS US$6/KG, JUST UNDER US$1 IN INDONESIA — JAKARTA GLOBE
Indonesia’s Agriculture Minister Andi Amran Sulaiman urged the public to appreciate the country’s stable food prices, particularly rice, as neighboring and developed countries grapple with rising costs and supply shortages.
LAOS
1.NEGOTIATING FOR CHEAPER ELECTRICITY PRICE — VIENTIANE TIMES
The government will renegotiate power purchase agreements with hydropower plant operators to revise electricity tariffs to reduce the burden on the public. Power bills rose after authorities introduced a new pricing system in February.
2.VILLAGE FUNDS TO UPLIFT RURAL ECONOMY — VIENTIANE TIMES
The Lao Front for National Development will expand its financial programme to assist Lao farming families and cooperatives. The aim is to promote commercial products and services, create job opportunities and generate income that can alleviate rural poverty.
MYANMAR
1.BAGO INVITES FARM SECTOR INVESTORS — THE GLOBAL NEW LIGHT OF MYANMAR
The Bago Region Investment Committee approved foreign investment worth RM30 million (US$7 million) in June. The southern central region is inviting foreign investments to manufacture agricultural machinery, fertilisers, animal feedstuff and solar energy.
2.SMUGGLERS DETAINED FOR ILLICIT TRADE — THE GLOBAL NEW LIGHT OF MYANMAR
During a three-day nationwide crackdown on illegal trade, security forces apprehended smugglers transporting foodstuff, coal, diesel and teak wood. Thirty-three smugglers, who were using lorries and boats to conduct their illicit trade, were detained.
SINGAPORE
1. PRIORITY FOR SINGLES, HIGHER QUOTA FOR SECOND-TIMER FAMILIES TO KICK IN FROM HDB’S JULY BTO EXERCISE — THE STRAITS TIMES
A slew of policy changes will kick in, starting with the upcoming HDB Build-To-Order (BTO) flat sales exercise in July, benefiting singles as well as families looking to upgrade or right-size their homes.
2.CHINESE CONSUMER BRANDS GAINING FOOTHOLD IN INDONESIA, MALAYSIA AS THEY SHED ‘WORLD’S FACTORY’ IMAGE — CNA
When Indonesian Dwi Soejatmoko, 42, bought his first television set about 20 years ago, he opted for a brand he had never heard of before: Changhong.
THAILAND
1. THAILAND BRACES FOR HEAVY RAINS AS TROPICAL STORM WIPHA APPROACHES — THE NATION
Tropical storm Wipha to bring widespread heavy rain across Thailand from July 20–24. Authorities urge caution amid flood and landslide risks.
2. POLICE SET TO SUBMIT RESULT OF SAO PROBE TO PROSECUTORS — BANGKOK POST The result of the police’s investigation into the collapse of the State Audit Office (SAO) building will be submitted to prosecutors tomorrow, says the Metropolitan Police Bureau (MPB).
VIETNAM
1.MORE CASH CROPS TO HIT BILLION-DOLLAR MARK — VIETNAMPLUS
Passion fruit, banana, pineapple and coconut have been identified as Vietnam’s next billion-dollar export products. Vietnam cultivates more than 50 fruit varieties across over 1.3 million hectares of farmland. Only durian crossed the RM4.25 million (US$1 billion) export mark.
2.DIGITAL MARKETPLACE FOR TECHNOLOGY TRANSFER — VIETNAMPLUS
Hanoi plans to launch a technology exchange next year to accelerate the city’s shift towards a knowledge-based economy. Technology providers, buyers and regulators can meet via the platform.
— BERNAMA
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INDONESIA
1.EXPORTERS SEEK TO SPLIT TARIFFS WITH US BUYERS — THE JAKARTA POST
Indonesian exporters are looking to split the tariff load with their buyers in the United States to maintain a competitive price, the success of which economists say ultimately rests on how high the import duties imposed on other countries get since pressing down cost to maintain a margin is easier said than done.
2.AGRICULTURE MINISTER: RICE IN JAPAN COSTS US$6/KG, JUST UNDER US$1 IN INDONESIA — JAKARTA GLOBE
Indonesia’s Agriculture Minister Andi Amran Sulaiman urged the public to appreciate the country’s stable food prices, particularly rice, as neighboring and developed countries grapple with rising costs and supply shortages.
LAOS
1.NEGOTIATING FOR CHEAPER ELECTRICITY PRICE — VIENTIANE TIMES
The government will renegotiate power purchase agreements with hydropower plant operators to revise electricity tariffs to reduce the burden on the public. Power bills rose after authorities introduced a new pricing system in February.
2.VILLAGE FUNDS TO UPLIFT RURAL ECONOMY — VIENTIANE TIMES
The Lao Front for National Development will expand its financial programme to assist Lao farming families and cooperatives. The aim is to promote commercial products and services, create job opportunities and generate income that can alleviate rural poverty.
MYANMAR
1.BAGO INVITES FARM SECTOR INVESTORS — THE GLOBAL NEW LIGHT OF MYANMAR
The Bago Region Investment Committee approved foreign investment worth RM30 million (US$7 million) in June. The southern central region is inviting foreign investments to manufacture agricultural machinery, fertilisers, animal feedstuff and solar energy.
2.SMUGGLERS DETAINED FOR ILLICIT TRADE — THE GLOBAL NEW LIGHT OF MYANMAR
During a three-day nationwide crackdown on illegal trade, security forces apprehended smugglers transporting foodstuff, coal, diesel and teak wood. Thirty-three smugglers, who were using lorries and boats to conduct their illicit trade, were detained.
SINGAPORE
1. PRIORITY FOR SINGLES, HIGHER QUOTA FOR SECOND-TIMER FAMILIES TO KICK IN FROM HDB’S JULY BTO EXERCISE — THE STRAITS TIMES
A slew of policy changes will kick in, starting with the upcoming HDB Build-To-Order (BTO) flat sales exercise in July, benefiting singles as well as families looking to upgrade or right-size their homes.
2.CHINESE CONSUMER BRANDS GAINING FOOTHOLD IN INDONESIA, MALAYSIA AS THEY SHED ‘WORLD’S FACTORY’ IMAGE — CNA
When Indonesian Dwi Soejatmoko, 42, bought his first television set about 20 years ago, he opted for a brand he had never heard of before: Changhong.
THAILAND
1. THAILAND BRACES FOR HEAVY RAINS AS TROPICAL STORM WIPHA APPROACHES — THE NATION
Tropical storm Wipha to bring widespread heavy rain across Thailand from July 20–24. Authorities urge caution amid flood and landslide risks.
2. POLICE SET TO SUBMIT RESULT OF SAO PROBE TO PROSECUTORS — BANGKOK POST The result of the police’s investigation into the collapse of the State Audit Office (SAO) building will be submitted to prosecutors tomorrow, says the Metropolitan Police Bureau (MPB).
VIETNAM
1.MORE CASH CROPS TO HIT BILLION-DOLLAR MARK — VIETNAMPLUS
Passion fruit, banana, pineapple and coconut have been identified as Vietnam’s next billion-dollar export products. Vietnam cultivates more than 50 fruit varieties across over 1.3 million hectares of farmland. Only durian crossed the RM4.25 million (US$1 billion) export mark.
2.DIGITAL MARKETPLACE FOR TECHNOLOGY TRANSFER — VIETNAMPLUS
Hanoi plans to launch a technology exchange next year to accelerate the city’s shift towards a knowledge-based economy. Technology providers, buyers and regulators can meet via the platform.
— BERNAMA
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