Thailand’s cross-border trade fell 8.5% year-on-year in the first seven months, largely due to the closure of border checkpoints to prevent the spread of the coronavirus and the slowing economies of neighbouring countries. The Foreign Trade Department reported that overall cross-border trade, including transit trade, totalled 741 billion baht for January to July, with Malaysia […]
Read MoreKUALA LUMPUR: Malaysia is keeping pace with Southeast Asia’s digital transformation by recording the highest percentage of digital consumers with 83 per cent of its population (aged 15 years and above), based on a study titled “Digital Consumers of Tomorrow, Here Today” conducted by Facebook and Bain & Company. The study said almost 70 per […]
Read MoreMANILA, Philippines — The gap in the country’s trade balance further widened in July, the most in four months, as imports continue to outpace exports, the Philippine Statistics Authority (PSA) said. Total external trade in goods during the month amounted to $13.13 billion, from $12.137 billion in June. This, however, was still a decline of […]
Read MoreIndonesia’s retail sales fell again in July as consumers were still pessimistic, Bank Indonesia (BI) announced, as economists believe that indicators are showing signs of weak economic recovery in the third quarter this year. Retail sales in Southeast Asia’s largest economy fell 12.3 percent from a year earlier, a smaller drop than the previous month’s […]
Read MoreThe Hanoitimes – Vietnam sets an ambitious plan to develop LNG-to-power projects to make this a major energy source for the country. Singapore-headquartered Delta Offshore Energy (DeltaOE) has submitted a request for proposal (RFP), the first one of its kind for Vietnam, for a 25-year gas sales agreement. It’s aimed to seek suppliers of liquefied natural […]
Read MoreRESIDENTS are divided across the Asean-6 economies on whether they should leave the home for work and other activities, amid the deadly Covid-19 outbreak in the region. Across the board, the majority of workers in Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam reported that they have actively avoided working outside their homes. The share […]
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