ASEAN puts last touches to economic community

With most of the high-priority measures in the ASEAN Economic Community (AEC) blueprint already adopted, policymakers and businesses need to work closely on the remaining challenges to achieve benefits of full economic integration beyond 2015, a new report recommends. The report from Ernst & Young, titled ...

Cambodia's garment exports up 9% in first half of 2015

The garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. Keep reading ...

Bank of Thailand: Slower growth a regional ill

The Bank of Thailand insists that despite shocks and changes experienced in the macroeconomic environment, the country’s fundamentals remain strong, as reflected in the country’s current account surplus, stable foreign exchange rate and low unemployment. Central bank governor Prasarn Trairatvorakul on 17 August said speeding up infrastructure investment ...

Importers hedging against baht slump

Local small and medium-sized importers are in a rush to hedge their currency exposure to protect against the rapid weakening of the baht, says TMB Bank. The number of SME customers hedging against foreign exchange risk has increased by 20-30% since the baht began depreciating after ...

Thai entrepreneurs urged to move fast in Myanmar

Thai entrepreneurs should tap Myanmar’s high growth potential, say business leaders. However, competition has grown intense as Myanmar welcomes other foreign investors, forcing some Thai businesses to seek local partners in order to make it easier to do business there. Keep reading ...

Chicken war with U.S. shows free trade threat to Vietnam farmers

Hanoi chicken farmer Nguyen Huu Tuyen blames inexpensive poultry imported from the U.S. for the loss of almost $14,000 this year.   Farmers such as Tuyen say the only way American companies can undercut Vietnamese poultry prices is if they export chicken at artificially low prices or ...

Vietnam, EU prepare for free trade launch

Vietnam and the EU have reached a framework agreement on the creation of a free trade zone under which almost all customs barriers between the partners will be eliminated.   The deal, which follows two and one-half years of talks, will once fully implemented remove nearly all ...

Thailand’s economic growth slows, with yuan denting outlook

Thailand’s economic growth slowed in the second quarter as improving government spending and tourism failed to counter weak local demand and exports, with the outlook clouded by drought and the yuan’s devaluation. Gross domestic product gained 2.8 percent in the three months through June from a ...

Vietnam sees trade deficit of 19.3 bln USD with China in 7 months: customs

Vietnam saw a trade deficit of over three billion U.S. dollars with China in July, bringing the figure in the first seven months of 2015 to hit some 19.3 billion U.S. dollars, said Vietnam Customs on 17 August.   Keep reading ...

Myanmar halts rice exports as floods hit crop

Myanmar halted rice shipments after floods over the past month inundated farmland, raising the specter of supply disruptions in the sixth-biggest exporter. The Myanmar Rice Federation voluntarily suspended exports to prevent an increase in prices after more than 200,000 acres (about 81,000 hectares) of paddy fields ...

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