A Vietnamese company has filed a lawsuit against Amazon asking for $280 million. Amazon has not commented on the case yet. According to Bloomberg, Gilimex has sued Amazon, saying that its orders are shrinking. Its factory has faced difficulties due to having no orders, while production capacity and raw materials is more than adequate. Since […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) sees the country’s economic growth slowing to below six percent but is expected to avoid recession next year amid external headwinds. In a virtual press conference, Jun Neri, lead economist at BPI, said the gross domestic product (GDP) growth of the Philippines may ease to […]
Read MoreRosegold, a market leader in health and beauty supplements, visited Cambodia this week as it considers its next overseas venture. The company, which is based in Thailand, first expanded its products into Laos in 2020, and is also in discussion with potential partners in Hanoi to introduce Rosegold products to the Vietnamese market. Ms Thunrawee Ruengraweethitikorn, Director […]
Read MoreSINGAPORE POST (SingPost) announced it would be raising postage, package and doorstep parcel delivery rates starting Jan 1, 2023. This is in line with the goods and services tax (GST) hikes announced by the government in February this year, as well as “exceptional inflationary cost increases across manpower, fuel and electricity”, said the group in […]
Read MoreOur exports and imports slightly slowed down in November 2022. But we must look at the entirety of how the trade balance accumulated a surplus of up to US$50.59 billion. Jakarta (ANTARA) – Indonesia’s trade balance recorded a surplus for the 31st month in a row, reaching US$5.16 billion in November 2022, according to the Finance […]
Read MoreThe Asian Development Bank (ADB) is maintaining its economic growth forecast for Laos, while the outlook for consumer prices has worsened, according to the Asian Development Outlook (ADO) 2022 Supplement released on Thursday. Inflation continues to accelerate in economies throughout Asia and the Pacific on high energy and food prices, mainly due to the Russia-Ukraine […]
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