SEOUL (BLOOMBERG) – Japan and South Korea continued to rack up solid export gains, in a sign that Covid-19 variants have yet to have a major impact on global demand even as the recovery in world trade inches closer to its peak. Exports out of Japan, the world’s third-largest economy, jumped 49 per cent in June […]
Read MoreThe U.S. Department of the Treasury and the State Bank of Vietnam (SBV) have reached an agreement over the former’s designation of Vietnam as a currency manipulator. In mid-April, the U.S. Department of the Treasury removed Vietnam from the list of countries manipulating their currencies, reversing a decision of the Trump administration in December 2020 […]
Read MoreProspects for Thailand’s packaging exports are promising, driven by the growing e-commerce market and rising demand for consumer goods and health products — especially recycled, environmentally friendly and health-conscious packaging — amid Covid-19. Phusit Ratanakul Sereroengrit, director-general of Trade Policy and Strategy Office (TPSO) under the Commerce Ministry, said a study by his office noticed […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank (ADB) is keeping its economic growth outlook for the Philippines at 4.5 percent this year amid a sea of downgrades in Southeast Asia due to the resurgence of COVID-19 cases. In its Asian Development Outlook Supplement released yesterday, ADB said its gross domestic product (GDP) growth forecasts for […]
Read MoreThe baht opened at 32.81 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.75. The Thai currency is likely to move between 32.75 and 32.90 on Wednesday and between 32.60 and 33 this week, Krungthai Bank market strategist Poon Panichpibool said. He explained that the weakening of the baht would spur […]
Read MoreThe Vietnamese Mekong Delta province of Long An plans to set up six logistics centres to meet transportation, and export and import demands, according to the provincial Department of Industry and Trade. The centres are also expected to help local firms improve their competitiveness, the department said. Of the facilities, three will be located in […]
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