The Philippines and Korea aim to launch a free trade agreement (FTA) information portal in the fourth quarter of the year, which is part of a project they are developing to optimize their FTA and other FTAs of the country.

Coffee export businesses are wary over an October start for the harvest season, meaning healthy export figures thus far in 2024 may be dampened by dwindling supply.

The sixth round of the Asean-China Free Trade Area 3.0 Upgrade Negotiations was held on April 22-26 in Singapore.

In recent years, China has found itself navigating a period of subdued inflation, stirring concerns within the market of a potential deflationary spiral. This phenomenon bears a resemblance to the country's economic situation from 1998 to 2000, where it grappled with a similar macroeconomic environment.

With Vietnamese coffee accounting for only 2.2% of the market share in Singapore, there are sanguine prospects ahead for the product to further make inroads into the demanding market moving forward, according to the Vietnam Trade Office in Singapore.

Prime Minister Pham Minh Chinh emphasised the urgent need to develop a carbon market and carbon credit management mechanisms in his recently-issued directive.

Under the plan, the focus will also be on developing the petrol stations along new roads and in new urban areas with an appropriate roadmap to reduce the number of small-scale and inefficient stations.

According to CBRE, the surge in the next three years will be 3-9 per cent per year in the North and 3-7 per cent per year in the South.

As production grows, demand for the red metal will continue to rise in the future while limited supply is forecast to fall short of demand in the coming years.

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.