Cambodia exports to China increased by 39 percent to $1,510 million last year, a positive move to the Kingdom’s trade as Cambodia and China put into effect their newly-endorsed bilateral free trade agreement. Figures from the Ministry of Commerce showed that the bilateral trade between Cambodia and China reached $11,144 million last year, a year-on-year […]
Read MoreMANILA, Philippines — The Philippines closed 2021 as the second fastest growing market for motor vehicles in Southeast Asia, with the number of units produced and sold registering double-digit increases from the previous year. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the number of motor vehicles assembled in Philippine […]
Read MoreThailand urgently needs 800,000 migrant workers to serve the manufacturing sector as well as tourism and service businesses that are struggling to deal with a labour shortage, says the Federation of Thai Industries (FTI). Many companies are registering with the government to import workers from Myanmar, Laos and Cambodia as demand for workers increases as […]
Read MoreSINGAPORE (BLOOMBERG) – The search is on for South-east Asia’s top-performing currency for the year and the odds are tilting in favour of the Singapore dollar. It is early days yet but the Republic’s currency looks like a strong contender for the crown after the Monetary Authority of Singapore’s (MAS) hawkish shift last week. Quickening inflation and […]
Read MoreThe Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.402100 trillion riel ($2.781 billion) in tax revenue in 2021, 24% more than the plan of $538 million. However, this revenue is slightly less when compared to the same period of year 2020 with total revenue of about $2.87 billion in tax revenue. […]
Read MoreFirms are increasingly confident about the year-ahead outlook. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 53.7 in January, up from 52.5 in December and signaling a solid improvement in business conditions that was the most marked since April 2021, according to Nikkei and IHS Markit. A reading below the 50 neutral marks indicates […]
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