With demand for on-site Mice (meetings, incentives, conferences and exhibitions) activities bouncing back after the pandemic, Asian nations are dusting off exhibition venues and ramping up marketing plans to welcome international visitors once again. The response has been particularly vibrant in Northeast Asia, where South Korea’s Busan is bidding for the World Expo 2030, while the […]
Read MoreSINGAPORE: Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn. Purchasing managers indexes for export powerhouse Taiwan dropped to 44.3 from 47.1 in the previous month, while Vietnam registered the lowest reading since September 2021, according to S&P Global on Friday. […]
Read MoreSET-listed Asian Sea Corporation, a Thai frozen food producer, and its subsidiary Asian Alliance International (AAI) are ready to move their production base to Vietnam or the Philippines if the new coalition government raises the daily minimum wage to 450 baht. President and chief executive Somsak Amornrattanachaikul said the group is preparing to relocate its production […]
Read MoreSoutheast Asia and China have emerged as the two leading destinations for overseas expansion as 83% of businesses in Asia are keen to expand abroad, according to a recent report. The latest Business Outlook report released by United Overseas Bank (UOB), which surveyed more than 4,000 small and medium-sized enterprises (SMEs) in the region as well […]
Read MoreThe cabinet has approved Asean’s joint plans to push for the use of local currencies for payments in the region. According to deputy government spokeswoman Rachada Dhnadirek, the cabinet approved the draft of the “Asean Leaders’ Declaration on Advancing Regional Payment Connectivity and Promoting Local Currency Transaction” yesterday. The Asean leaders are scheduled to consider endorsing […]
Read MoreBANGKOK, Thailand – Merchandise trade volume in the ASEAN region is expected to grow by over three percent this year, expanding at a slightly faster rate than overall Asia, according to an economist from the World Trade Organization (WTO). During the Outreach for Southeast Asia and Pacific journalists organized by the WTO in Bangkok, Thailand, WTO […]
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