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Sixth India-CLMV business conclave held virtually to build bridges

The Confederation of Indian Industry (CII), in partnership with the Ministry of Commerce and Industry, Government of India, held the sixth India-CLMV business conclave: Building Bridges for Constructive Development virtually with Cambodia, Lao PDR, Myanmar and Vietnam (CLMV). The two-day event earlier this month created a platform to strengthen India’s cooperation with the CLMV countries. […]

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Philippines seen as economic laggard in ASEAN

MANILA, Philippines — The Philippines is set to become a laggard in Southeast Asia with the deepest economic contraction as it struggles to control the COVID-19 outbreak, according to Maybank Kim Eng. Maybank is now looking at a deeper GDP contraction of 7.8 percent instead of 6.5 percent this year for the Philippines, bigger than […]

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RCEP trade pact to open oil-supply route to China

[SEOUL] South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs. The Regional Comprehensive Economic Partnership (RCEP), signed last month by 15 nations accounting for around a third of the world’s […]

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Online Customs drive to accelerate trade by road

VNS – The online Asean Customs Transit System (ACTS) was launched this week to accelerate trade in goods by road within Southeast Asia. Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand,and Vietnam, the system has now been formally launched. Being developed with the support of the European Union, ACTS is simplifying the movement of goods […]

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