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ADB says ASEAN must act if strengthen position in global value chains

Association of Southeast Asian Nations (ASEAN) economies must strengthen their positions in global value chains to bolster resilience against new challenges, including future pandemics, geopolitical instability, and climate change, says an Asian Development Bank (ADB) report released on Thursday. The report ASEAN and Global Value Chains: Locking in Resilience and Sustainability surveys the challenges and […]

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Hainan, Asean trade up almost 6 percent year on year

Trade in goods between Hainan province and Asean members amounted to 39.54 billion yuan, up 58.6 percent year on year, nearly 20 percent of the total trade in goods of Hainan. Asean has become Hainan’s largest foreign trade partner, Hainan provincial Vice Governor, Ms Xie Jing reported at the opening ceremony of the tropical agricultural […]

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Indonesia: BI Governor Wants ASEAN Promotes Central Bank Digital Currency

TEMPO.CO, Nusa Dua – Governor of Bank Indonesia Perry Warjiyo encouraged ASEAN countries to promote central bank digital currency in line with the rapid development of cryptocurrency. “Private digital assets eventually need to refer to a sovereign digital currency unit of account,” said Perry at the high-level seminar in Nusa Dua, Bali, on Tuesday, March 28. Indonesia’s central […]

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Trade between China, Mekong countries hits $416.7B in 2022

Trade between China and countries along the Mekong River posted steady growth last year despite COVID-19 and the sluggish global economy. Thanks to deepened mutual trust and cooperation, China’s trade volume with Cambodia, Laos, Myanmar, Thailand and Vietnam totaled 416.7 billion U.S. dollars in 2022, up 5 percent year on year. The figures were disclosed […]

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