Government leaders of 21 countries, all members of Asia-Pacific Economic Cooperation (APEC), agreed Sunday in the Japanese city of Yokohama to refrain from imposing any fresh barriers to trade and investment, or measures to stimulate exports, until the end of 2013.
The declaration titled “Yokohama Vision” said: “We commit to take steps to roll back trade distorting measures introduced during the (financial) crisis”.
Despite differences among several government leaders over currency policies which saw Asian currencies appreciated against the US dollar in recent months and other issues, several leaders at the two-day meeting appeared to agree on the significant role freer trade can play in sparking growth. They also agreed on the need to reduce trade imbalances and government debt and avoid sharp, potentially disruptive fluctuations in exchange rates, according to the Associated Press (AP) news agency.
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
Asia-Pacific sees 3.9% growth in deal activity in February 2021
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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