Kent International, a large US-based bicycle manufacturer, yesterday said its bicycle factory in Cambodia is on hold now, after spending roughly $10 million on a land purchase in Phnom Penh. The company’s factory occupies about 37,000 square metres and is a joint investment with Shanghai General Sports. It is located about 16 kilometres from downtown […]
Read MoreExport-Import Bank of Thailand says insurance claims soared 226% and foreign buyers’ delayed payment amount surged 195% in the first five months of 2020, signalling rising default risk in international trade. Exim Thailand’s export insurance clients filed documents on foreign buyers’ delayed payments for a total overdue amount of 617 million baht in the January-May […]
Read MoreKUALA LUMPUR: Middle-powers like the European Union (EU) and Asean should heed the lessons learned from Covid-19 about the importance of continued relevance of global openness and free trade, says the CIMB Asean Research Institute (CARI). CARI chairman Tan Sri Munir Majid noted such points to be particularly pertinent as countries struggle to return to […]
Read MoreVietnam has made a new policy move in its journey to transform itself into a digital economy and improve its legal framework, much to the appreciation of investors and businesses. Over a week ago, the Politburo enacted Conclusion No.77-KL/TW on overcoming impacts of COVID-19 for national economic recovery and development. The conclusion underlined the need […]
Read MoreIT will be the most in-demand job category in the wake of the coronavirus pandemic as organisations gear up for digital transformation, says job portal JobsDB Thailand. Up to 7 million employees are expected to be out of a job during the crisis, the company said. “Some 25% of Thai employees indicated that the virus […]
Read MoreThailand’s food export value is expected to dip by 3% this year from an earlier target of 1.02-1.06 trillion baht, as exporters believe the industry will be slow to recover from the impact of the pandemic. The months-long business shutdown, ban on inbound flights, weak purchasing power and recent baht appreciation have all dealt a […]
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