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Vietnam faces risks of shipping container shortage

The Hanoitimes – The lack of empty containers had directly impacted the exports of Vietnam’s agricultural products. Global economic recovery and the roll out of massive Covid-19 vaccine across the globe would help boost the outlook of Vietnam’s sea freight transport. However, an ongoing issue of shortage of empty shipping boxes could return and pose high […]

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Asean export decline smaller than feared

TOKYO: Exports from the six largest Southeast Asian economies fell by 2.2% in 2020 from a year earlier to a combined $1.35 trillion, a relatively small decline given the impact of the coronavirus pandemic, according to data from the Japan External Trade Organization (Jetro). Of the six, only Vietnam posted an increase in exports for […]

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Thailand: Hotels urge CCSA to lift booze ban

Hotel operators want the Centre for Covid-19 Situation Administration (CCSA) to lift the ban on drinking alcohol at hotels so they can compensate for weaker occupancy rates with F&B revenue. Poor tourism sentiment has led to fewer bookings, generating less revenue for hotels. But some properties have outlets serving outside guests and have survived by […]

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Malaysian GDP suffers sharpest contraction since 1998

KUALA LUMPUR (AFP) – Malaysia’s economy last year contracted at its fastest pace in more than two decades, as the coronavirus shuttered businesses and hammered the country’s key exports, data showed yesterday. Full-year gross domestic product shrank 5.6 per cent, the statistics department said, marking the worst performance since a 7.4-per cent drop in 1998 […]

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