Globalisation of trade is one of the driving forces of the world economy and has created an interconnected global trading system. Endless opportunities have been created as decision makers can now reach new customers and secure a diverse selection of new staff, materials, and products regardless of time zones. However, with supply chain volatility across […]
Read MoreJAKARTA – Indonesia’s central bank governor said on Wednesday the cross border payment program between five Asean countries, namely Thailand, Singapore, Malaysia, Philippines and Indonesia will be fully connected next year. Governor Perry Warjiyo said at an Islamic economics event that Indonesia has connected its payments system with Thailand, and will do so soon with […]
Read MoreEnhancing services related to Investment and Trade Facilitation Project, supported by the Mekong Lancang Special Fund 2021, has officially been launched at a workshop in Phnom Penh. In his opening remarks at the event last week, Khoun Virak, Deputy Director General of International Trade at the Ministry of Commerce, underlined the importance of the Mekong-Lancang […]
Read MoreSoutheast Asia’s growth rate is expected to decelerate to 3.8 per cent in 2023 due to the sluggish growth of global trade and the effects of tightened domestic monetary policy, according to the UN Conference on Trade and Development (UNCTAD) Trade and Development Report 2022. “The region’s vulnerability to financial and exchange rate instability weighs […]
Read MoreCNA – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed yesterday, clouding the region’s economic recovery prospects. Manufacturing activity shrank in Taiwan and Malaysia, and grew at a slower pace in September compared with August in Japan and […]
Read MoreIt’s fair to say there exists a level of social and economic inequality within Asean. Following the 1997 Asian financial crisis that exposed Asean’s vulnerability to cross-border capital flows, the region has undergone a significant transformation, from a bloc of mostly underdeveloped and developing countries to one with the world’s most dynamic economies collectively. However, […]
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Thailand
