Vietnamese apparel companies will not enjoy immediate tariff cuts after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, as they have to overcome strict rules of origin. Under the deal, Vietnam’s footwear, textile and garment industries will have to make changes to meet the conditions of origin and take advantage of preferential tariffs. For […]
Read MoreWhile many businesses are struggling or forced to close due to the COVID-19 pandemic, some are witnessing an upsurge in sales and customers. Some managers and employees at small retail stores are delighted that locals are spending their money, following the travel ban imposed in March. Mumtaz bin Haji Kambuh who works at a mini-mart […]
Read MorePrime Minister Hun Sen has asked Asean member states to narrow the development gap, which remains an important agenda for the bloc in building a people-centred community, while calling on more digital-economy connectivity. In a speech on Friday, Mr Hun Sen said that Cambodia is pleased to note that the region has achieved the implementation […]
Read MoreMANILA, Philippines — Singapore-based DBS Bank Ltd. expects the Philippine economy to slump this year by as deep as four percent for the first time in more than two decades amid the high number of new cases of coronavirus disease 2019 or COVID-19, adding to an already sizeable number of existing cases. In a report, […]
Read MoreThe recent layoffs in Indonesia’s two decacorn ride-hailing apps Gojek and Grab have forced the start-ups to reassess their pursuit of becoming “super-apps” as the pandemic has pushed them to retire some of their non-core businesses, experts have said. Starting their businesses as ride-hailing applications, both Grab and Gojek have been racing to become apps […]
Read MoreVietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the coronavirus pandemic. Gross domestic product rose 0.36% from a year earlier, compared with a revised 3.68% in the first quarter, the General Statistics Office said Monday in Hanoi. The median estimate […]
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Thailand
