AFP – Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. “Noting the unprecedented nature of the current conflict and the uncertain economic environment,” Mastercard said it had “decided to suspend our network services […]
Read MoreIn 2022, Vietnam is forecast to record growth at a significantly higher rate, partly thanks to the high vaccination rate that helped the country recovered most of its economic activity since late 2021. PwC recently published the report “Vietnam Outlook 2022: Economic prospects in the wake of COVID-19”. The report said that, after a long […]
Read MoreExperts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. Data from the Garment Manufacturers Association in Cambodia (GMAC) reveal […]
Read MoreMANILA, Philippines — The peso may weaken further to 52 to $1 as global oil prices continue to rise amid Russia’s invasion of Ukraine and the steady increase in consumer prices. After weakening further last week, BDO chief market strategist Jonathan Ravelas said the peso’s new trading range may settle between 51.60 and 51.90 to […]
Read MoreThe Federation of Thai Industries (FTI) is demanding a greater effort to deal with the severe shortage of 700,000 workers, even as the government is working to bring in migrant workers from neighbouring countries. Last month the federation called on authorities to speed up the signing of memorandums of understanding (MoUs) with officials in Cambodia, […]
Read MoreThai rice prices are expected to increase by 5% in the second quarter, pushed up by the war in Ukraine’s effect on surging global commodity prices, says veteran trader Chookiat Ophaswongse. Mr Chookiat, an honorary president of the Thai Rice Exporters Association, said there was growing concern about a wheat shortage as Russia and Ukraine […]
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