MANILA, Philippines — Dutch financial giant ING expects a diminishing strain on the Philippine peso as the country’s trade deficit is anticipated to contract from its previous record highs. According to Nicholas Mapa, senior economist at ING, the current trade deficit trends indicate that the Philippines is unlikely to reach the historically high level of […]
Read MoreAnhui, China: Laos will benefit from a reduced tariff policy implemented by the Chinese government after the Regional Comprehensive Economic Partnership (RCEP) comes into full effect. The governments of Laos and China are now negotiating the percentage by which tariffs will be reduced, Vice President of the Lao Front for National Development, Mr Chanthavong Seneamatmontry, who […]
Read MoreEach company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VNĐ3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report. HÀ NỘI — Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur […]
Read MoreThe lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. According to the latest trade data released by the General Department of Customs […]
Read MoreThe Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored. The EIS predicts Chinese arrivals to Thailand will increase by 3-4 times the level recorded in […]
Read MoreMANILA, Philippines — The United States Department of Agriculture (USDA) has identified the Philippines as a key contributor to the anticipated rise in global rice consumption next year. In a report, the USDA said it forecasts global rice consumption to increase in marketing year 2023-2024 to 523.772 million metric tons from the previous forecast of […]
Read More
Thailand
