MANILA, Philippines — Vehicle sales in the country continued to post double-digit growth in the 11 months of the year, driven by growing consumer demand, data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed. In a joint report, CAMPI-TMA said year-to-date new motor vehicle sales increased […]
Read MoreThe growth of business-to-consumer (B2C) e-commerce is expected to soften to 4-6% in 2023, the slowest rise in three years, caused by market saturation in the wake of the pandemic coupled with high inflation, says Kasikorn Research Center (K-Research). According to a report by K-Research, the market value of B2C e-commerce is expected to reach between […]
Read MoreThe Ministry of Public Works and Transport (MPWT) has released a strategic plan for 2022-2030 to modernise heavy-truck businesses in Cambodia to strengthen the conditions for heavy trucks and shipping businesses more effectively and environmental-friendly through the encouragement of using new and modern trucks as well as improvement of business operations, according to MPWT. Sun […]
Read MoreKUALA LUMPUR: RAM Ratings projected Malaysia’s gross domestic product (GDP) growth to slow to between four and five per cent in 2023 from an estimated 8.2 per cent in 2022. The rating agency said global economic slowdown is anticipated to dampen Malaysia’s exports while the still notable price pressures and tighter monetary conditions might impact […]
Read MoreThailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance minister said on Wednesday. Southeast Asia’s second-largest economy can weather global uncertainties, while average inflation should come in at 6% this year, Arkhom Termpittayapaisith said at a […]
Read MoreIn January-November 2022, Cambodia exported $1.1 billion worth of goods to China, down 19.1 percent compared to the same period last year, according to data from the General Department of Customs and Excise. In the 11 months of 2022, Cambodia spent about $8.36 billion on imports from China, according to the data. It’s an increase […]
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