High logistics costs have made Viet Nam’s agricultural exports less competitive than other countries’, especially that of Thailand, despite having many advantages, according to businesses. Logistics account for 20-25 per cent of the cost of Viet Nam’s agricultural produce, while it is only 12 per cent in Thailand and 14 per cent globally, Nguyen Dinh […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) sees a low single-digit credit growth for the banking sector this year amid the high interest rate regime after a yearlong tightening cycle by the Bangko Sentral ng Pilipinas (BSP). In an online press briefing, BPI vice president Marco Javier said the non-performing loan (NPL) […]
Read MoreDemand for Thai rice remains strong, with several governments such as Indonesia and Bangladesh expressing an interest in purchasing the grain through government-to-government (G2G) deals. Ronnarong Phoolpipat, director-general of the Foreign Trade Department, said Thai rice is in great demand in the global market, which could enable exports to exceed 8 million tonnes this year. […]
Read MoreVietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country. For the first five and a half months of this year, computers, electronic products, and components surpassed cellphones and their components in export value by nearly US$1 billion. Cellphone […]
Read MoreThe Bank of Laos has issued a notice to provide better flexibility in foreign currency exchange rates to commercial banks as the LAK’s value continues to plummet. According to the notice issued by the BOL on 19 June, the price for purchasing and selling foreign currencies must not exceed BOL’s daily reference rate by +- 7.5%. Previously, […]
Read MoreMany unfamiliar services have been launched into the market and are expensive in comparison with the average income of Vietnamese. However, many consumers are willing to pay for them. Bluecare, a startup, once called for investment capital on a TV show. Though its founder failed to call for capital, the startup, which provides home healthcare […]
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