The cabinet on Tuesday approved the new national logistics development plan (2023-27), aiming to reduce logistics costs to 5% of the country’s GDP from 13.8% in 2021. According to government deputy spokesperson Rachada Dhnadirek, the plan also aims for Thailand to become the trading gateway to the region. The plan focuses on five areas, including […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in October after a surprise exports growth tempered surging imports. Trade deficit, which occurs when the country’s imports bill outgrows export sales, expanded 13.5% year-on-year to $3.31 billion in October. This, however, was smaller by 31.73% compared to the previous month’s gap, data released by the Philippine […]
Read MoreCambodia exported some $20,457 million worth of goods to the world market in the first eleven months of this year, an increase by 18 percent compared to the same period last year, according to a report of the General Department of Customs and Excise (GDCE) released yesterday morning. The largest buyer of Cambodia’s products was […]
Read MorePETALING JAYA: The slowing industrial production growth in Malaysia is an indication that the country’s economic growth for the fourth quarter (4Q) of 2022 may come in significantly slower than the preceding quarter. Economists pointed to weaker global demand as the main factor leading to their anticipation of a further moderation in the country’s industrial […]
Read MoreThe State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy. Analysts say that VND400 trillion is a large amount that will ‘give rain to the rice field […]
Read MoreSixteen socio-economic development projects for Cambodia were approved at the 25th GMS Ministerial Conference (MC-25) held in Luang Prabang, Lao PDR, last week. A total of 12 projects cover the transportation sector, followed by one each in agriculture, environment, health and information technology. Sok Chenda Sophea, Delegate Minister Attached to the Prime Minister, Minister of […]
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