A senior official of the Ministry of Commerce (MoC) said negotiations towards a free trade agreement (FTA) between Cambodia and South Korea saw agreement on 90 percent of the issues addressed as the fourth round of talks concluded last month. MoC spokesman Seang Thay said: “Both countries have agreed on issues including economic cooperation, trade […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is reviewing the targets under the Philippine Export Development Plan (PEDP) to determine if these can still be achieved given the impact of the pandemic. “Currently, we are reviewing and assessing the PEDP’s strategies indicators and export targets to see if such are still doable […]
Read MoreContainer freight rates across the world’s busiest ocean trade route have soared to a 10-year high, adding to strains on major shipping lanes as Western retailers rush to restock ahead of the year-end holidays. The average spot-market price to ship a 20-foot box from Asia to Europe hit $2,091 this week, according to the Shanghai […]
Read MoreFour massive Thai conglomerates — B.Grimm Group, Amata Corporation, PTT and Global Power Synergy — have entered into an agreement to develop an 800-square-kilometre industrial estate in Myanmar. A memorandum of understanding is expected to be signed by the beginning of next year, said B.Grimm chairman Harald Link. Mr Link said B.Grimm’s role in the […]
Read MoreRESIDENT employment levels bounced back to near pre-Covid levels in the third quarter after taking a big hit in June when the “circuit breaker” was at its height, according to findings of the Labour Force Singapore Advance Release 2020 (LFAR). “Despite the pandemic’s impact on the economy, employment rate remained high (80.3 per cent) for […]
Read MoreTHAILAND plans 43.5 billion baht (S$1.9 billion) of additional stimulus to boost domestic consumption and an increase in benefits for local travel, officials said on Wednesday, as the government tries to revive a flagging, pandemic-hit economy. Some 22.5 billion baht will be offered to 5 million new consumers, or 3,500 baht each, under the current […]
Read More
Thailand
