The IT market is facing subdued demand caused by economic challenges, high inflation and the weaker baht with the prospect of a sales contraction this year, according to IT product distributors. IT retailers are offering discounts and longer instalment payment periods in a bid to reinvigorate purchases. They shared their views on Thursday during the first […]
Read MoreMANILA, Philippines — Local feedmillers are pushing for the extension of lower tariff and the increase in allowable volume on imported corn to keep food prices in check and help the industry weather global food, feeds and fuel supply chain woes as well as rising interest rates. The Philippine Association of Feed Millers Inc. (PAFMI), […]
Read MoreVietnam spent some US$7.4 billion importing 7.12 million tons of oil and gasoline products between January and October, up 22.7% in volume and 124% in value year-on-year. In October alone, the country’s fuel imports amounted to 602,000 tons, worth US$556 million, inching down 4.1% in volume and 9.8% in value month-on-month, according to statistics from […]
Read MoreCambodian “iron and steel” imports in the first 10 months of 2022 clocked in at $301.868 million, rising by 23.17 per cent year-on-year from $245.088 million, according to Customs. This category of items, corresponding to Chapter 72 of the harmonised tariff schedule, accounted for 1.169 per cent of the $25.818 billion value of the Kingdom’s […]
Read MoreFlooding affected domestic car sales in October, with volume decreasing in many categories, but the drop will not cause Thailand’s car manufacturing to fall short of its 2022 target, says the Federation of Thai Industries (FTI). Car sales managed to increase by 0.24% year-on-year to 64,618 units in October, said Surapong Paisitpatanapong, vice-chairman and spokesman for […]
Read MoreMANILA, Philippines — Despite steady progress for three decades, the Philippines still struggles to close one of the widest wealth gaps in East Asia, with the country ranking 15th out of 65 countries in terms of inequality, the World Bank found in a study released Thursday. In a report entitled “Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects […]
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