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Thailand: Exports shrink in Oct but govt remains hopeful

Thai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after September’s reading registered a drop of only 3.9% year-on-year. The Commerce Ministry reported on Monday that the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting […]

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MoU aims to improve logistics to strengthen Cambodia-China trade

The Logistics Business Association (LOBA) and European Cham-ber of Commerce and Industry (EACHAM) have signed a memorandum of understanding (MoU) towards improving trade investment and logistics between Cambodia and China. The agreement was signed “virtually” with both parties using Zoom to facilitate the signing event. Chandara Chea, president of LOBA, said: “Huge potential has been […]

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‘Philippines recession to last until 2021’

MANILA, Philippines — The Philippine economy continues to lose steam and is poised to remain in recession until 2021 amid the raging COVID-19 pandemic, according to Dutch financial giant ING Bank. In a report, ING Bank Manila senior economist Nicholas Mapa said  there is little hope of a big turnaround for the Philippines in 2021 […]

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