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Asian Sea, AAI consider relocation if wages rise

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 […]

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Asian businesses keen on expanding abroad

Southeast 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 […]

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Asean pact pushes local currencies

The 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 […]

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ASEAN merchandise trade may grow over 3% this year

BANGKOK, 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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Shenzhen positively poised to begin large cooperation efforts with five Mekong countries

Shenzhen, 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 […]

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