Vietnam is aiming to build a transparent and legal wood industry to support exports of timber products and bolster the domestic timber manufacturing industry. The need emerges as Vietnam becomes one of the world’s largest exporters of wood and wooden products, putting it under scrutiny from major trading partners. In June, the US Department of […]
Read MorePrime Minister Hun Sen yesterday urged the Lancang-Mekong Cooperation (LMC) leaders to speed up the realisation of the Mekong-Lancang Economic Development Belt (ML-EDB) as a new engine of growth for the Mekong-Lancang sub-region. The LMC, initiated by China in 2014, consists of six countries, namely China, Cambodia, Myanmar, Laos, Thailand and Vietnam. Five Mekong River […]
Read MoreExports showed signs of recovery, with July figures registering a smaller drop of 11.4% year-on-year after a 23.2% fall in June, which was the weakest pace since July 2009. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said the strong expansion came from food products (cassava products; palm oil; […]
Read MoreWarns of more defaults MANILA, Philippines — A proposal to impose a cap on finance charges, if applied to all types of interest rates, may kill the credit card industry at a time when the default rate is expected to double due to the impact of the pandemic, according to the Credit Card Association of […]
Read MoreSINGAPORE, Aug 24 — Get ready, Apple fans. The tech giant’s third store in Singapore is set to open soon. The new outlet, located at Marina Bay Sands, will be the first Apple store in the world that sits on water. It will be housed in a sphere floating on Marina Bay, taking over the […]
Read MoreKUALA LUMPUR, Aug 24 — Malaysia’s Parliament today approved the government’s plan to raise its debt ceiling for the first time in more than a decade, as South-east Asia’s third-largest economy grapples with the economic fallout from the coronavirus pandemic. Parliament voted to allow the government to borrow up to 60 per cent of gross […]
Read More
Thailand
