Despite a double-digit decline in smartphone shipments to Thailand in the second quarter, premium handsets costing over US$400 (14,396 baht) surged 22% year-on-year, according to market research firm Counterpoint. In the second quarter, smartphone shipments to Thailand declined 17% year-on-year to 4.2 million units, Counterpoint said. “Thailand has a decent share of consumers who maintained a […]
Read MoreWith the explosion of online businesses, Vietnam’s logistics and warehousing industry has many opportunities for development. The Covid 19 pandemic has spurred the growth of the online ecosystem, led by the e-commerce industry. According to statistics, since the Covid outbreak, the demand for shopping through e-commerce platforms has increased sharply. More than 70% of Vietnam’s […]
Read MoreKUALA LUMPUR: Malaysia has been ranked as the world’s third most competitive Global Business Services (GBS) location, behind India and China, according to an index by global consulting firm Kearney. The firm’s 2021 Global Services Location Index showed that Asian economies continued to take seven spots in the top 10, with India in first place […]
Read MoreThe UK’s new Developing Countries Trading Scheme is a strategic move for the post-Brexit era that will replace the Generalised Scheme of Preferences (GSP) for developing countries with a new trading instrument early next year. The new Developing Countries Trading Scheme (DCTS) offers additional tariff concessions to products imported from developing countries. Laos is among […]
Read MoreMANILA, Philippines — The Philippines is more insulated from the looming recession in the US as domestic demand accounts for a larger portion of the economy, according to Maybank Kim Eng Research. In a research note titled “Decoupling from US Recession,” Maybank said the Philippines and other countries in Southeast Asia are emerging as a […]
Read MoreHeightened geopolitical tensions are tipped by some analysts and economists to trigger a spillover effect, with one possibility the relocation of industries to this region, including Thailand. Payong Srivanich, chairman of the Thai Bankers’ Association, a key member of the Joint Standing Committee on Commerce, Industry and Banking, recently predicted tensions between China and the US […]
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