Indonesia to increase food imports

The Indonesian government will increase imports as a solution to curb price hikes of food, especially corn, sugar, and rice, President Joko Widodo stated at a cabinet meeting on October 9.
Indonesia to increase food imports ảnh 1

A man sleeps on sacks of rice at Jakarta’s rice market. (Photo: AFP/VNA)

Jakarta (VNA) - The Indonesian government will increase imports as a solution to curb price hikes of food, especially corn, sugar, and rice, President Joko Widodo stated at a cabinet meeting on October 9.

Talking to media afterthe meeting, Trade Minister Zulkifli Hasan said the prices of sugar and corn were gradually increasing given the current global situation,such as conflicts and El Nino phenomena.

He saidthat Indonesia will import 250,000 tonnes of corn for the animal feed industry. Meanwhile, it will wait forprices to decrease before deciding to import sugar.

Sugar importers only register to import about 30% of the total allocated sugarimport quota, he added.

According to the minister, the government isalso cooperating with several countries to purchase rice if needed. TheSoutheast Asian nation has planned to import an additional 1.5 million tonnes toincrease its national rice reserves, which stood at only 1.7 million tonnes asof October 6./.

VNA

See more

Malaysian Prime Minister Anwar Ibrahim (sixth from left) poses for a photo with foreign ministers of ASEAN countries, Timor Leste and ASEAN Secretary-General Dr. Kao Kim Hourn at the opening ceremony of the AMM-58 on July 9. (Photo: VNA)

AMM-58, related meetings open in Kuala Lumpur

AMM-58 is the largest gathering of ASEAN foreign ministers and senior diplomats from around the world to discuss pressing global and regional issues, promote cooperation, and advance the security and sustainability agenda in ASEAN.

(Photo: nationthailand.com)

Thailand hopes to conclude US trade talks before new deadline

The Southeast Asian country has offered to cut import duties on most US goods to zero, expand access for US agricultural and industrial products, and increase purchases of energy and Boeing jets. It also pledged to reduce its 46 billion USD trade surplus with the US by 70% within five years.

A resident buys vegetables at a Bangkok supermarket. (Photo: bangkokpost.com)

Thailand’s CPI falls for 3rd straight month in June

Thailand’s consumer price index (CPI) declined for a third consecutive month in June, attributed to lower energy and food prices, though there are no signs of deflation, according to the country’s Commerce Ministry.

Jirayu Huangsap, Spokesperson for the Prime Minister’s Office (Photo: The nation)

Thai cabinet approves withdrawal of entertainment complex bill

The bill, which had previously been proposed by the Ministry of Finance, outlined mechanisms for regulating entertainment businesses through a two-level committee system: the Comprehensive Entertainment Policy Committee and the Entertainment Business Control Board. The goal is to establish standards and regulatory measures for the industry.

Illustrative image (Photo: https://global.chinadaily.com.cn/)

Southeast Asia seeks additional tariff negotiations with US

The US decided to keep unchanged tariff rates on certain countries in Southeast Asia, such as 32% for Indonesia and 36% for Thailand, effective from August 1. Malaysia faces a 25% rate, up from the 24% that the US threatened in April.

A screenshot of the article.

Mexican media praises Vietnam’s development achievements

Since initiating the Doi Moi (Renewal) reforms in 1986, Vietnam has maintained strong momentum. In 2024, the country posted a GDP growth rate of 7.09%, placing it among the fastest-growing economies globally. Forecasts suggest it could join the world’s top 20 economies by 2029.

Newly installed Labour Minister Pongkawin Jungrungruangkit on his first day at the ministry. (Photo: Bangkok Post)

Thailand prioritises AI training, job creation

The new Thai Labour Minister's five policies include equipping Thai workers with AI skills by focusing on developing AI curricula aligned with the manufacturing and service sectors and providing all worker groups with skill training through cross-sector collaborations.

Electric vehicles inside BYD's factory in Rayong, Thailand. (Photo: Reuters/VNA)

Thailand’s electric vehicle market heats up

Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

OSZAR »