CARGO exports declined as export volumes dropped by a double-digit percentage while imports grew 3 percent, according to the Philippine Ports Authority (PPA). Foreign cargo volumes slipped 3 percent to 160 million metric tons (MMT) from 165 MMT in 2021. The low exports highly contributed to this as total exports declined 11 percent, from 70 […]
Read MoreBangkok has emerged as the world’s 10th largest crypto hub, according to new research from cryptocurrency tax software company Recap. The Crypto Readiness Index, compiled by Recap, ranks Bangkok as 10th in the world as the Thai capital has attracted 57 crypto companies. Recap said Thailand has the world’s second-highest rate of crypto ownership. “While Thailand […]
Read MoreCambodia exported $1,939 million worth of products to Japan last year, a year-on-year increase of 10.5 percent, the Japan External Trade Organization (JETRO) report said on Monday. Cambodia’s import from the East Asia nation was valued at $515 million, a decrease of 11.2 percent compared to the same period last year, the report read. This […]
Read MoreThe General Department of Vietnam Customs has set administrative reform targets to simplify customs procedures, including reducing the time for customs clearance and goods release by 10%, reducing the number of batches required for sampling for analysis and assessment by 20%, and applying online processes for all certificates of origin. The above targets were included […]
Read MoreThe central bank of Laos has issued a notice suspending loans to cryptocurrency business from January this year. The notice issued by the Bank of the Lao PDR states that the suspension was put in place to reduce financial risk and maintain the financial stability of commercial banks as well as promote the supply of credit to the […]
Read MoreGeopolitics and new technologies are changing the world, opening up new opportunities for Vietnam to develop, if it can grasp them. In 2022, Vietnam obtained a GDP growth rate of 8.02 percent, the highest figure since 2011. However, this achievement was overshadowed by the loss of hundreds of thousands of jobs, factories’ downsizing and temporary […]
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Thailand
