The latest round of US tariff hikes on an additional US$200 billion (6.49 trillion baht) worth of Chinese goods is expected to help Thai exports, offering opportunities to replace the Chinese products in the US market, according to a Commerce Ministry study. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, […]
Read MoreMANILA, Philippines — Last month’s BOP surplus was a reversal of the $7 million shortfall recorded in August last year. The Philippines has been booking BOP deficits since the start of the year due to strong foreign currency outflows. The latest figure was the biggest since the country recorded a $2.04 billion BOP surplus in […]
Read MoreTHE Department of Foreign Trade aims to increase the percentage of Thai businesses cashing in on tax incentives under the Asean Free Trade Agreement (Afta) to 70 per cent this year, up from 63.04 per cent in 2017. “Our job is to let Thai people know that they have the opportunity to export to other […]
Read MoreUnionPay, a Chinese provider of electronic payment services, is looking to play a bigger role in Cambodia’s expanding digital economy. In a meeting with Aun Pornmoniroth, the Minister of Economy and Finance, UnionPay’s president Shi Wenchao said the company is conducting a study on investment opportunities in Cambodia. He said Cambodia is now developing the […]
Read MoreTrade Minister Enggartiasto Lukita has announced that the government will tighten import restrictions on a number of goods, namely alcoholic beverages, tires, iron, steel, textiles and textile products. He said the imported goods would have to enter the country through bonded logistic centers (PLBs) in an attempt to prevent smuggling. “These commodities must pass through PLBs […]
Read MoreTHE recent cooling measures have “indeed weakened market sentiments and demand” by raising the barriers for entry for “all categories of buyers”, said Real Estate Developers’ Association of Singapore (Redas) president Augustine Tan at the group’s annual mid-autumn festival lunch on Wednesday. Nearly 46,000 private residential units could be available for sale between 2019 and 2020, which would take around […]
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