Cambodia’s apparel exports fell by 25.17 per cent to $2.149 billion in the first four months of 2023, making up 29.7 per cent of the country’s total foreign income. This reflects a significant decrease from the previous year when apparel exports grew by 12.69 per cent. The exports of both knitted and non-knitted clothing accessories […]
Read MoreThailand’s food exports are expected to rise by 2.1% to a record of 1.5 trillion baht (US$44.31 billion) this year, helped by a recovery in global demand and China’s reopening, a leading industry group said on Wednesday. The country’ food shipments, which account for 14.6% of the total, increased 10% year-on-year to 346 billion baht in […]
Read MoreMANILA, Philippines — The Senate labor panel approved “in principle” on Wednesday a proposal for a P150 across-the-board daily minimum wage hike after just one public hearing. Labor panel chairperson Sen. Jinggoy Estrada ended Wednesday’s hearing on proposals for a legislated wage hike by sending it to a technical working group, indicating that committee deliberations […]
Read MoreJAKARTA, May 10 (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11% to just 1%, […]
Read MoreKUALA LUMPUR – Malaysia will lift a ban on exports of renewable energy as part of efforts to develop its clean power industry and boost generation from non-fossil fuel sources, its economic affairs minister said on Tuesday. The South-east Asian country, which currently generates just over 1 per cent of its electricity annually from renewable […]
Read MoreMANILA, Philippines — Foreign direct investments weathered headwinds in February, yielding inflows as an analyst believes an uptrend could materialize in the second half of 2023. Data released by the Bangko Sentral ng Pilipinas on Wednesday amounted to net inflows of $1 billion in February, surging 13% year-on-year. Year-to-date however, FDIs slumped at an annualized […]
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