SET-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 […]
Read MoreShenzhen, with economic, technological and capital strengths, has large potential of cooperation with the five Mekong countries and the city’s enterprises can make big contributions to their economies. Officials and business leaders made the remarks on Tuesday at the themed event of 2023 Lancang-Mekong Cooperation Week in Shenzhen. The event also featured the launch of […]
Read MoreASIAN currencies dipped in holiday-thinned trade on Friday, and were on course for weekly losses, as the increased probability of an interest rate hike by the U.S. Federal Reserve at its next meeting continued to weigh on sentiment. The South Korean won, Asia’s worst performing currency so far this year, has declined 2.2% this week, […]
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