The EU-Vietnam Free Trade Agreement (EVFTA), negotiated between the European Union and Vietnam to boost trade and investment between the two regions, is a significant economic milestone for Vietnam. Having come into effect on August 1 this year, the trade agreement will make substantial cuts to tariffs between the two trading partners, and will ultimately eliminate 99 per […]
Read MoreCosmetics brands that stock sales counters at department stores face a fresh wrinkle: fewer shops to sell their products as retailers shrink their physical footprint. Estée Lauder Cos., Amorepacific Group Inc. and Kao Corp. are looking to manage risk and diversify how their products are sold as department stores, which represent a sizable share of […]
Read MoreSINGAPORE’S second-quarter economic performance was its worst on record, while the full-year outlook was cut again, policymakers announced on Tuesday morning. Forecasters from the Ministry of Trade and Industry (MTI) have once more tightened their projection for the pandemic-driven full-year recession. They now expect a contraction of between 5 per cent and 7 per cent, […]
Read MoreINDONESIA is accelerating disbursement of some US$50 billion in fiscal stimulus to revive consumer spending and prevent South-east Asia’s largest economy from sliding into a recession. The government will pay 28.8 trillion rupiah (S$2.7 billion) to civil servants and state pensioners as a 13th month salary starting this week, Finance Minister Sri Mulyani Indrawati said. […]
Read MoreKUALA LUMPUR (BERNAMA) – Sales value of Malaysia’s wholesale and retail trade grew double-digit to 21.8 per cent in June compared to that of May, nearing the pre-Movement Control Order (MCO) levels, the Department of Statistics Malaysia (DOSM) reported. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said wholesale trade sub-sector contributed the most to […]
Read MoreThe consumer price index (CPI) increased by 2.6 per cent last June, compared to the previous month. This was highlighted by the Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy in a report yesterday. Prices of food and non-alcoholic beverages increased by 2.8 per cent, while prices of non-food […]
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Thailand
