During the 3rd Ordinary Session of the Ninth National Assembly yesterday, Mr. Bounleua said that sources of foreign exchange have decreased significantly, with the amount of foreign currency in the country unable to meet demand. Meanwhile, mismanagement of foreign currency is rife, with large amounts disappearing or failing to enter the system. Mr. Bounleua said that between […]
Read MoreRestaurant, food and tourism-related businesses are slowly recovering thanks to the country’s reopening to international tourists and increased arrivals, reflected in the latest new business registration figures released by the Commerce Ministry. Jitakorn Wongkhatekorn, deputy director-general of the Business Development Department, reported on Wednesday the number of new business registrations in May rose by 6% year-on-year […]
Read MoreMANILA, Philippines — The peso pierced the 55 to $1 level yesterday, closing at its weakest level in almost 17 years as investors believe the US Federal Reserve could maneuver the US economy to a soft landing and avoid recession. The local currency shed 29 centavos to close at 55.06 from Tuesday’s 54.77 to $1. […]
Read MoreVietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 […]
Read MoreCambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Read MorePETALING JAYA: Companies in the Asia Pacific remain optimistic about their prospects despite higher cost pressure from rising material prices. This optimism on economic growth was unequal across the region according to the Coface 2022 Asia Corporate Payment Survey. Malaysia showed a significant decline compared to last year in the expectation for economic growth. Only […]
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Thailand
