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Who wants in on the EEC?

The much-awaited Eastern Economic Corridor (EEC) bill has already passed its first reading by the National Legislative Assembly (NLA) and is expected to be implemented by the end of the year. The expectation is that the project will attract immediate foreign direct investment. The reality, however, may be quite different as there are several emerging […]

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Philippines losing export orders to Vietnam, Cambodia

MANILA, Philippines — The Philippines is losing orders to Cambodia and Vietnam as foreign buyers start to shun away from some of the country’s export products due to its manufacturers’ non-compliance to certain social and ethical requirements. Foreign Buyers Association of the Philippines (FOBAP) chair Robert Young, in a report to the Philippine Exporters Confederation […]

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Vietnam wants to join supply chains: official

HANOI — Vietnam wants to join global supply chains and management and governance systems to help businesses control the market, build confidence among customers and increase profits and connectivity with global partners, Deputy Minister of Industry and Trade (MoIT) Do Thang Hai said. Hai told a conference on supporting policies to help Vietnamese enterprises join […]

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Myanmar diesel imports rise as rice exports improve

Myanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]

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