MANILA, Philippines — The country’s trade gap widened to a record $5.84 billion in June, as imports continued to grow beyond exports, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA showed the balance of trade or difference between the country’s exports and imports reached $5.84 billion in June, 75.4 percent higher […]
Read MoreThai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC), said Cambodia is seeing average economic growth of 7 – 8% per year as a result of the country […]
Read MoreMALAYSIA’S economy grew at its fastest pace in a year last quarter, thanks to a strong rebound in private consumption and buoyant exports, but a global economic slowdown poses a significant risk to the outlook, a Reuters poll found. The Aug 3-9 poll of 18 economists predicted South-east Asia’s third-largest economy expanded 6.7 per cent […]
Read MoreEnterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead. After surges of 39 – 62% in the first four months, fishery exports have shown signs of growth slowdown, according to the Vietnam Association of Seafood […]
Read MoreThe Employers’ Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated. Tanit Sorat, vice-chairman of EconThai, said on Tuesday a 5-8% increase should be […]
Read MoreMANILA, Philippines — The share of national debt to the country’s output declined to 62.1 percent in the second quarter, but the downward trend may not be sustained if the government does not ramp up its revenue generation. Data from the Bureau of the Treasury showed the country’s debt level, when measured against the gross […]
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