Many small and medium-sized enterprises (SMEs) plan to increase cross-border trade for their products via e-commerce platforms to promote exports in the context of the COVID-19 pandemic. Tran Thi Yen Phi, CEO of DSW, which sells agricultural products via the Chinese platform Alibaba, said that the company’s revenue increased from US$3,000 to $260,000 after one year. […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is working on a business and employment recovery program in the Philippines, especially for Filipino women who were hardest hit by the pandemic. In a webinar yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender is teaming up with the Department of Labor and Employment […]
Read More[KUALA LUMPUR] Malaysia’s central bank slightly lowered its economic growth outlook for this year and pledged any changes to its accommodative monetary policy would be “measured and gradual” as it flagged risks from the pandemic and geopolitics. Gross domestic product may expand 5.3-6.3 per cent this year, Bank Negara Malaysia (BNM) said in its annual […]
Read MoreThe EU’s standards and regulations on industries to make companies more socially and environmentally responsible are nothing new. However, the European Commission’s recent proposal for new Due Diligence rules extends to the supply chains of companies active in the EU, touching Cambodia’s largest export sector, the Garment Footwear and Travel goods (GFT). The EU Corporate […]
Read MoreKUALA LUMPUR: The Malaysian economy is expected to improve further, with growth projected to be between 5.3% and 6.3% in 2022. In 2021, Malaysia’s gross domestic product expanded by 3.1%. According to Bank Negara’s Economic and Monetary Review 2021 released today, the economic recovery is underpinned by the continued expansion in external demand, full upliftment […]
Read MoreAll eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank’s rate-setting committee meeting today. How has the economy performed […]
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