MANILA, Philippines — Companies seeking to reduce dependence on China by diversifying supply chains amid the coronavirus disease 2019 (COVID-19) pandemic would have mixed implications on the Association of Southeast Asian Nations (ASEAN) economies, Moody’s Investors Service said. In a report titled, “Supply chain shifts and reshoring will have mixed impact on ASEAN region,” Moody’s […]
Read MorePETALING JAYA: As Covid-19 cases worldwide surpassed the 23 million-mark with over 800,000 deaths, global trade sentiment continues to be fragile despite the emergence of signs of recovery. The World Trade Organisation (WTO) said that while several indicators pointed to partial upturn in world trade and output in the third quarter, the strength of such […]
Read MoreSINGAPORE, Aug 26 — With rising global uncertainties in a post-Covid world, “high trust locations” will be sought after and attributes such as trust and reliability will be fundamental to businesses in deciding where to house regional or global headquarters. And in this regard, Singapore can seize the opportunity as a hub in the “increasingly important […]
Read MoreThe Commerce Ministry has set a goal to raise Thailand’s international trade value to Asia’s top five by 2027, up from eighth in 2019, by focusing on value-added industries such as digital, food and healthcare. To achieve the goal, Thailand would need to fetch at least $12 billion in export value a year or $1 […]
Read MoreJAKARTA: Indonesia’s economic recovery was “very fragile” and could reverse as shown by tax revenue data in July, the country’s finance minister said yesterday, warning that the economy faced a struggle to avoid a recession. Revenues had improved temporarily in June after coronavirus-induced restrictions were eased, but the improvement stagnated in July and contributions from […]
Read MoreThailand’s largest agro-industrial company, Kaset Thai International Sugar Corp Pcl (KTIS Group), is interested in investing in a whisky distillery in Cambodia, according to Cambodian Ambassador to Thailand Ouk Sorphorn. The company expressed its interest during a visit by Sorphorn last week. He was visiting to learn about KTIS Group’s production line of sugar and […]
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