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Calls for more loans for MSMEs in Philippines

The array of small- and medium-scale businesses that contribute up to 62.5 per cent of employment and comprise 99.5 per cent of all businesses in the Philippines were getting only 9.2 per cent of loans and financing from the country’s major banks. These figures prompted the Union Bank of the Philippines to ask its fellow […]

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Thai e-commerce to hit $13bn by 2025

Thailand’s e-commerce market value is expected to surge to US$13 billion by 2025 from last year’s $3 billion on the back of strong global demand for Thai products. The country’s e-commerce sector has several product categories that are in global demand. The top five exports sold through cross-border trade in Thailand’s e-commerce comprise jewellery and […]

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Foreign firms eye bigger markets in Laos

Companies from Asia, Asean states and Europe are eyeing markets for their products in Laos, which is witnessing strong demand. Despite being a small market in the Asean region with a population of 6.8 million, Laos is an attractive destination for manufacturers from China, Japan, South Korea, Singapore, Malaysia, Thailand, Germany and Italy. They are […]

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HSBC: Asian firms lead world in pursuing tech, sustainability

Businesses across Asia increasingly believe the strongest opportunities for future growth lie in technology, sustainability and developing talent to harness digital advancement, according to a new global survey by HSBC. While more than a third of Asian businesses are prioritising expansion into new markets, even more are turning their attention to improving productivity and new […]

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