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Asean+3 urged not to put up trade barriers

MANILA, Philippines — The Philippines called on other countries in Southeast Asia and partners China, Japan and South Korea to avoid putting barriers to trade in essential goods and to work on setting up a regional reserve of critical medicines as part of measures to deal with the impact of the coronavirus disease 2019 or […]

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Vietnam parliament approves trade deal with EU

The Hanoitimes – Following the ratification, the EVFTA would enter into force 30 days after the mutual notification between Vietnam and the EU about the completion of respective legal procedures. The National Assembly (NA) today [June 8] approved the EU – Vietnam Free Trade Agreement (EVFTA) with endorsement from 100% of 457 National Assembly deputies present. […]

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Cambodia: Bar owners seek eatery licences to remain open

Khmer Times has found several bars that are getting around COVID-19 closures by changing their registration licences from “bar” to “restaurant” using surrounding food service menus and food app deliveries to justify the change. The allegations were investigated after several previous and well known “bars” reopened over the past month as “restaurants”, leaving authorities unable to […]

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Philippines: BSP may cut rates by another 25 bps

MANILA, Philippines — Although inflation can be expected to remain stable, the Bangko Sentral ng Pilipinas  (BSP) may slash policy rates anew by 25 basis points in the second half to support economic recovery amid the pandemic, according to the investment banking arm of the Metrobank Group. In its latest Market Call report, First Metro […]

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Thailand: Spas, massage parlours banking on local demand

After the pandemic hammered spa and traditional massage parlours across the country during the two-month lockdown, operators are eager to serve the local market when allowed to resume services this month. As of May, there were 1,326 registered spa and massage businesses operating in Thailand, with 13 companies closed down, according to the Business Development […]

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