Survey Reports Surge In ASEAN Focus

In the last two years the share of Australian firms planning to significantly increase their presence in ASEAN has almost doubled, the AustCham ASEAN 2018 Annual Business Survey shows.

The recently published survey finds that about 87 per cent of Australian firms surveyed plan to increase their trade and or investment in ASEAN over the next five years. A strong 44 per cent said they plan to increase their presence significantly, almost double the share reflected in the 2016 survey.

Mines Exploration Moratorium Axed

The Department of Environment and Natural Resources on July 27 nullified a portion of former secretary Gina Lopez’s order by lifting the moratorium on exploration permits for metallic and non-metallic minerals.

Based on DENR Administrative Order (DAO) 2018-13 signed by Secretary Roy Cimatu, the department is lifting the moratorium on the acceptance, processing and approval of applications for exploration permits.

  • Letters of Intent (LOI) to Invest Over $52M

    Department of Foreign Affairs (DFA) Secretary Alan Peter Cayetano witnessed a signing ceremony of the Letters of Intent (LOI) held at the Three International Towers in Barangaroo, Sydney, Australia.

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