Jakarta (VNA) - The Indonesian Government has urged the domestic pharmaceutical industry to grasp opportunities🧸 to boost sales to ASEAN nations.
The ASEAN market of 650 million people offers a great opportunity for Indonesia’s existing advanced upstream pharmaceutical industry, said an official from the Chemical Industry of the Ministry of Industry.
The Indonesian government is preparing numerous policies to support investment in the pharmaceutical industry as well as deregulate insufficient policies in the medicine field, he added.
Of the formulated policies, one will provide fiscal incentives, such as a tax allowance and tax holidays to investors who invest in Indonesia.
The official remarked that the policy to ease the permit issuance process for pharmaceutical production and distribution was also important.
Currently, 170 pharmaceutical manufacturers are operating in Indonesia, with most of them producing ready-to-distribute medicines.
The chemical, pharmaceutical, and traditional medicine industry in Indonesia has become one of the drivers of the nation’s industrial growth with the economy growing more than 10 percent in the third quarter of 2015.
The figure skyrocketed as compared to the 1.12 percent growth recorded in the same period in 2014.-VNA
Over 250 pharmaceutical enterprises and organisations from 25 countries and territories showcase their products at the 15 th Vietnam International Hospital, Medical and Pharmaceutical Exhibition.
The Ministry of Science and Technology will continue prioritising the KC10/11-15 programme on the application and development of advanced technology serving health care activities.
The Pharmacy Law has helped strengthen State management over pharmacies and ensured the people’s right to quality medicine over its 10 years in existence, but now it needs to be updated.
The Indonesia Trade Fair kicked off on December 10 as part activities marking the 60th anniversary of the diplomatic ties between Indonesia and Vietnam.
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.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustration photo. (Source: Internet)
