While many industries are suffering during the Covid-19 pandemic, cold storage supply chains are heating up the logistics industry. In a cold storage system, the standard temperature is always below 2 degrees Celsius. A standard cold storage is divided into four warehouse systems (from 1 to 4) that operate fully automatically, with 14 robots and […]
Read MoreCambodian rice exporters expect higher demand from China to make up for a drop in shipments to Europe, according to the head of the Cambodian Rice Federation. The EU still wants to import more rice from the Kingdom, federation President Song Saran said, but high transportation costs and a lack of containers have made it […]
Read MoreMANILA, Philippines — The pandemic-induced rise of government debts likely hit its peak already, and a return to pre-crisis fiscal health could happen late next year, Finance Secretary Carlos Dominguez III said Wednesday. As of end-March, government debt, as a share of the economy, has risen to 60.4%, and Dominguez believes that that level remains manageable. […]
Read MoreThe cabinet on Tuesday cut the spending budget for the “Ying Chai Ying Dai” (the more you spend, the more you get) e-voucher cashback scheme to 9.8 billion baht from 28 billion baht because of fewer-than-expected participants. Meanwhile, the cabinet also raised the budget to support the relief packages for people and businesses affected by […]
Read MoreSEOUL (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 […]
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Thailand
