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Thailand: Food exports set to rise 7.1%

The Industry Ministry expects food exports in 2021 will increase by 7.1% to 1.05 trillion baht in value despite the impact of Covid-19, thanks to growing demand from the global market. Decreasing levels of food stocks in Africa, Asia and the Middle East during the pandemic also caused these regions to import more food products. From […]

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Vietnam to issue a tax decree on cross-border e-commerce

Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom. The Vietnam E-Business Index (EBI) report by the Vietnam E-commerce Association reveals that Vietnam’s e-commerce market posted an average annual growth rate of 25-30 per cent over the past five years. If Vietnam maintains this growth rate, the market […]

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Why Indonesia Abandons Dollar in Bilateral Trade

Jakarta. The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral trade. In fact, Bank Indonesia has reached the so-called local currency settlement with neighboring Malaysia and Thailand since 2018, as well as with Japan since last August. A central bank […]

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Cambodia: Not all factories oppose minimum wage

Not all garment factories oppose an increase to the minimum wage as parties prepare to enter the first round of negotiations on Sept 14. Unions are arguing that wages be increased to $214.20 per month while employers remain steadfast that salaries be reduced because of the pandemic. “My company is more than happy to raise […]

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