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Vietnamese company sues Amazon for $280 million

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 […]

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Philippines: BPI sees below 6% GDP growth next year

MANILA, 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 […]

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Rosegold Thailand eyes expansion into Cambodian market

Rosegold, 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 […]

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