While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the Asian Development Bank (ADB) said in a report released yesterday. […]
Read MorePETALING JAYA: RAM Ratings expects Malaysia’s export growth to rebound to 23.1% in July, or more than double the 10% growth in June. The ratings agency cited the strong export growth to be underpinned by the anticipated improvement in domestic industrial output in line with stronger demand from China, Singapore and Japan. As for imports, […]
Read MoreTHE Wholesale Trade Industry Transformation Map (ITM) kicked off on Wednesday, with strategies to build our own digital marketplaces, grow a vibrant ecosystem of wholesale traders in Singapore and build talent pipeline to support the transformation, among others. Four memoranda of understanding (MOUs) were signed on trade digitalisation project and programmes to build talent with […]
Read MoreMANILA, Philippines — Inflation further picked up in August, hitting a three-month high of 3.1 percent as food and oil prices spiked during the period, the Philippine Statistics Authority (PSA) said yesterday. The faster increase in the consumer price index last month likewise brought average inflation to 3.1 percent in the first eight months of […]
Read MoreKUALA LUMPUR — Malaysia’s export growth in July exceeded expectations, rising 30.9% from a year earlier, government data showed on Wednesday, on higher shipments of manufactured products and mining goods. The pace of expansion beat the 23.1% rise forecast by a Reuters poll and tripled the 10% growth posted in June. Shipments of manufactured goods, […]
Read MoreThe cabinet yesterday approved a draft agreement for an exemption from double taxation between Thailand and Cambodia, aiming to promote investment links with the private sectors of the neighbouring nations. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, once in effect the deal will play a key role in enhancing Thai investment […]
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