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Malaysia: Penang tops exports list for October

KUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil. Malaysia’s total trade in October jumped 21% to RM245.2bil. The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), […]

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Cambodia: SMEs, consumers gain from e-commerce platform

The business-to-business-to-customer (B2B2C) e-commerce platform has gained support from local small and medium enterprises and consumers ever since it was launched in April this year. Penn Sovicheat, Under-secretary of state and spokesman at the Ministry of Commerce, said on Monday transactions at the e-commerce platform via CambodiaTrade.com have remarkably increased. “The trading activities of CambodiaTrade […]

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Vietnam ready to become a semiconductor manufacturer

The global chip race is heating up, and Viet Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said. Prof. Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact […]

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Philippines: Budget gap seen at 6% of GDP next year

MANILA, Philippines — The Philippines’ budget deficit is expected to remain wide as the Marcos administration prepares to execute a plan to bring the gap to pre-pandemic levels, according to Singapore-based DBS Bank Ltd. In a report, DBS economist Chua Han Teng said the Philippines aims to reduce the budget shortfall by one percentage point […]

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