Palm products to boost Malaysia-RoK trade

Malaysia’s palm oil and other related products are the main pillars of boosting trade with the Republic of Korea (RoK), said Malaysian Ambassador to the RoK Rohana Ramli.
Malaysia’s palm oil and other related products are the main pillars ofboosting trade with the Republic of Korea (RoK), said MalaysianAmbassador to the RoK Rohana Ramli.

Total RoK imports of palm oil from Malaysia grew by 53.62 percent from 236.5 million USD in 2010 to 363.3 million USD in 2014.

Meanwhile, exports of palm-based products in 2014 amounted to 491.2million USD, up 13 percent from the previous year, according to theMalaysian Palm Oil Board (MPOB).

The ambassador said the scopeand volume of trade between Malaysia and the RoK, particularly in palmoil and related products, could be expanded through trade fairs andworkshops as well as through economic cooperation under the ASEAN-KoreaFree Trade Agreement and the second wave of Malaysia's Look East Policy.

Malaysia's exports to the RoK include non-metallicmineral products, processed food and commodities, and palm oil, and theyimport mainly electronics, electrical products and iron and steelproducts.-VNA

See more

nearly 4,000 Korean companies are currently operating in the 10 member countries of the Association of Southeast Asian Nations (ASEAN). (Illustrative photo: vietnamtimes.org.vn)

RoK to seek closer ties with ASEAN

The Republic of Korea (RoK) will make efforts to expand economic exchanges and cooperation with Southeast Asian countries to address anticipated changes in the global trade environment after the new US administration signaled plans to implement protectionist measures, according to its Ministry of Trade, Industry and Energy.

Former Indonesian President Joko Widodo and his successor Prabowo Subianto inspect the progress of the new capital project Nusantara on Aug. 12, 2024. (Photo: Jakarta Globe)

Indonesia approves budget for new capital’s next development phase

The Indonesian government has allocated 48.8 trillion IDR (2.99 billion USD) for the second phase of developing Nusantara, Indonesia's new capital, for the 2025-2029 period. This represents a notable decrease from the 89 trillion IDR set aside for the first phase in 2022-2024.

In the past four elections, the time between the committee’s formation and polling day has ranged from four to 11 months. (Photo: Straits Times)

Singapore prepares for general election

A committee reviewing Singapore’s electoral boundaries was established by Prime Minister Lawrence Wong, the Elections Department (ELD) said on January 22.

Head of the National Narcotics Agency of Indonesia (BNN) Marthinus Hukom (Photo: antaranews.com)

Indonesia prioritises drugs combat

Head of the National Narcotics Agency of Indonesia (BNN) Marthinus Hukom stated on January 22 that Prabowo Subianto is the first President to make drugs combat one of the country’s priority programmes, as outlined in the Asta Cita mission.

Officers measure emissions from a pickup truck at a checkpoint set up in front of Chatuchak Park on Phahon Yothin Road in Bangkok in January 2024. (Photo: Bangkokpost)

Thai cabinet approves carbon tax to curb emissions

The Thai cabinet approved a carbon tax of 200 THB (5.9 USD) per tonne of carbon emissions on January 21, as part of the country’s strategy to reduce greenhouse gas emissions, according to Deputy Finance Minister Paopoom Rojanasakul.

Illustrative image (Photo: Nation Thailand)

Thailand's births fall below 500,000 for first time in nearly 80 years

Thailand's population has declined by 100,000 in 2024 to 65.95 million, marking a historic demographic shift as annual births fell below 500,000 for the first time since 1949, despite the government's efforts to promote childbearing through the Having Children for the Nation campaign.