May 2022 – Page 38 – ASEAN Economic Community Strategy Center

May 5, 2022

Indonesia Sees Faster Manufacturing Sector Expansion in April

Jakarta. Indonesia’s manufacturing sector expansion has accelerated in April thanks to improving economic activities that spur employment and purchasing activity, according to the latest S&P Global Purchasing Manager Index, or PMI, data. Indonesia’s S&P Global Indonesia manufacturing PMI rose to 51.9, increasing from 51.3 in March and marking the ninth consecutive month of the country’s manufacturing sector expansion. A reading above […]

May 5, 2022

Vietnam: Digital transformation in logistics: Key for competition in 42-billion-USD market

Vietnam’s logistics market is worth around 40-42 billion USD a year, and digital transformation among businesses is considered key to their success in this competitive market. The Saigon Newport Corporation is a pioneer of digital transformation in the logistics sector. In 2021, despite the difficulties caused by the COVID-19 pandemic, the Tan Cang Cai Mep […]

May 5, 2022

Cambodia’s export to RCEP member countries increases by 11 percent in first quarter

Cambodia’s exports to the member countries of the Regional Comprehensive Economic Partnership (RCEP) totaled $1.956 billion in the first three months of this year, up 11 percent over the same period last year, according to data from the Ministry of Commerce. For the January-March period, Cambodia’s top four export destinations were Vietnam, China, Thailand, and […]

May 5, 2022

Philippines: Government debts climb to P12.68T in March as borrowing spree continues

MANILA, Philippines — The government capped the month of March with a heavier debt burden, as the Duterte administration continued its pandemic-led borrowing spree to fund a large budget deficit. The state’s liabilities amounted to P12.68 trillion in March, up 4.8% month-on-month, the Bureau of the Treasury reported Tuesday. Explaining the ascent, the Treasury said […]

May 5, 2022

Singapore retail sales up 8.7% in March, reversing February’s decline

SINGAPORE’S retail sales rose 8.7 per cent year on year in March, reversing the previous month’s decrease of 3.5 per cent. The increase in March was attributed partly to larger growth in industries such as computer and telecommunications equipment, wearing apparel and footwear, as well as cosmetics, toiletries and medical goods, said the Department of Statistics (SingStat) […]

May 5, 2022

Thailand: Action urged on export ban

Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war. According to Trade Negotiations Department director-general Auramon Supthaweethum, many countries have imposed restrictions on […]

Asean News

Malaysia’s construction sector expands 8.1% in 2Q 2023 – DoSM

Philippines: Government hikes budget for debt payment

Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

Economy Retailers must find competitive edge: experts

Up to 72 percent of enterprises support TPP

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Monthly Archives: May 2022