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Indonesia reduces export to curb recession impact

Indonesian Cooperative and SME Minister Teten Masduki said that his government will revise next year’s export target in a bit to anticipate the impact of the global recession. Jakarta (VNA) – Indonesian Cooperative and SME Minister Teten Masduki said that his government will revise next year’s export target in a bit to anticipate the impact of the […]

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Philippines: Bank lending slows as rate hikes bite

MANILA, Philippines — The series of aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) has started eating into credit growth, as the increase in loans disbursed by big banks slowed to 13.7 percent in November from 13.9 percent in October. Preliminary data released by the BSP showed that loans released by universal […]

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Cambodia’s e-commerce market eyes $1.78B by 2025

With the growing reach of the Internet, better access to newer technologies, increasing digitization, and rise in income levels, the e-commerce sector in Cambodia is marching ahead on a firm growth path. “The e-commerce sector has been growing and showed a remarkable growth during and after the Covid-19 pandemic,” Penn Sovicheat, Undersecretary of State and […]

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Laos to Open its Border with China This Week

Authorities in Laos and China have agreed to reopen the international border crossing between Boten and Bohan on Sunday. According to a notice issued yesterday by the Ministry of Foreign Affairs, the international border is all set to reopen in line with a revised Chinese policy on Covid-19 prevention and control. A notice issued by […]

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Operators predict Thailand to draw 20m visitors in 2023

Thailand is expected to attract more than 20 million foreign arrivals this year after securing 11.8 million in 2022, according to the newly re-elected president of the Tourism Council of Thailand (TCT). On Tuesday, Chamnan Srisawat won his second term as TCT president, ending in 2025, besting Bhummikitti Ruktaengam, advisory chairman of the Phuket Tourist Association. […]

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