As global laptop manufacturers are shifting production out of China, Southeast Asian countries like Vietnam are repositioning to benefit, although some hurdles will have to be addressed for Vietnam to become a new laptop manufacturing hub. Hon Hai Precision Industry Co., Ltd., a unit of Foxconn, the world’s biggest contract electronic manufacturer, was granted an […]
Read MoreA $3.1 million garment factory will be built in Bati district of Takeo province, creating 702 jobs for the locals. The update was shared in a press release from the Council for the Development of Cambodia (CDC) yesterday following its approval of the investment project. The garment factory is the investment by Brightness (Cambodia) Garment […]
Read MoreThe Commerce Ministry has adjusted the base year in calculating the consumer price index (CPI), a gauge of headline inflation, starting with January’s figures to keep pace with changing social and economic conditions. According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the ministry will start applying 2019 […]
Read MoreThe Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). The report included 2021 sector-by-sector growth projections of 0.3 percent for hotels and restaurants, 4.5 percent for the garment industry, 2.9 […]
Read MoreThai food export value is expected to rise by 10.2-12.2% year-on-year to 1.08-1.10 trillion baht this year as prices of some farm produce are set to increase, thanks to growing demand for food in overseas markets, says Industry Minister Suriya Jungrungreangkit. The ongoing spread of infections in many countries will benefit the Thai food processing […]
Read MoreMANILA, Philippines — The Duterte administration is eyeing to raise P140 billion in new peso debt next month through the sale of government securities as part of an ongoing fundraising activity to pay for the state’s rising pandemic bill. The government will raise a cumulative P80 billion by issuing Treasury bills due on 3, 6 and 12 months […]
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