Foreign investments are expected to pour into Cambodia after an announcement by US President Joe Biden to allow a 24-month tariff exemption on solar panels that are manufactured in Cambodia and three other Southeast Asian countries. Ministry of Commerce secretary of state Seang Thay told The Post that they were informed of Biden’s announcement to […]
Read MoreBoth local and foreign companies are stepping up dealmaking activities post-COVID, indicating a recovery in Vietnam’s merger and acquisition (M&A) market. At the beginning of June, Warburg Pincus spearheaded a $250 million investment in Novaland, which is developing a pipeline of projects in Vietnam. This latest commitment brings Warburg Pincus’ investments in Vietnam to $1.5 billion […]
Read MoreForeign firms operating in Southeast Asia are demonstrating a high level of confidence as they look to expand their footprint in a market of some 640 million people, says HSBC. According to the bank’s latest survey “HSBC Navigator: SEA in Focus”, nine in 10 (89%) foreign companies with a foothold in Southeast Asia plan to […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) wants the discount privileges granted to senior citizens and persons with disabilities (PWDs) honored in e-commerce platforms. “Online shopping platforms need to reprogram their offering to incorporate a feature that allows discounts for persons with disabilities and senior citizens,” Trade Secretary Ramon Lopez said in […]
Read MoreThe baht opened at 34.57 to the US dollar on Friday, weakening from Thursday’s close of 34.49 and marking the lowest drop in three weeks. The currency is expected to move in the range of 34.55 and 34.75 on Friday, Krungthai Bank’s market strategist Poon Panichpibool predicted. He said the baht may fluctuate and weaken […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade sales increased by 15.2 per cent year-on-year (y-o-y) to register RM128.0 billion in April 2022, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase in wholesale and retail trade was attributed to the retail trade sub-sector which rose […]
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Thailand
