KUALA LUMPUR, Sept 17 ― The ringgit extended its losses against the US dollar at the opening today, as emerging market currencies continued to be hit by the strengthening greenback following the strong economic data from the world’s largest economy. At 9.02am, the ringgit declined 160 basis points (bps) to 4.1730/1780 from 4.1570/1590 at Wednesday’s […]
Read MoreMany business owners have found major partners after joining international B2B marketplaces. Vihaba is a small and medium enterprise that exports and distributes agricultural products, handicrafts and garments. Since the enterprise began selling products on Alibaba, its revenue has increased by 55 percent over the last two years. Vietnam’s products are exported to many big […]
Read MoreHotels hope the reopening of Bangkok in October and domestic stimulus campaigns will boost the occupancy rate from single digits to 15-20% in the upcoming high season. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association, said tourism operators support the idea of easing entry regulations through a quarantine-free programme for inoculated tourists as this […]
Read MoreBEIJING: China on Friday began in earnest work to advance its application to become a member of the Trans-Pacific Partnership free trade deal, a day after filing a bid to join the pact in an attempt to increase its economic clout in the Asia-Pacific region. Chinese accession would have a significant impact on trade in […]
Read MoreRatification of the Regional Comprehensive Economic Partnership (RCEP) will benefit the Philippines and help the country recover, speakers told an online forum organized by The Manila Times. The RCEP is a free trade agreement between the 10-member Association of Southeast Asian Nations (Asean), China, Japan, Australia, New Zealand, and South Korea. Signed just last November, it will have to be ratified by […]
Read MoreSingapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos (EDL). The agreement between the two companies is part of the Laos-Thailand-Malaysia-Singapore Power Integration Project (LMTS-PIP) that will see the four governments studying the feasibility of cross-border power trade, Straits Times reports. […]
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