phil04
Read More

Philippines: Pressure on peso weakening as trade gap narrows

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 More
laos01
Read More

Laos to benefit from reduced tariffs through RCEP

Anhui, 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 More
vn01
Read More

Vietnam: Informal expenses for customs clearance decline

Each 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 More
cam04
Read More

Cambodia’s GFT woes unabated as exports decline 23%

The 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 More