MALAYSIA’S palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board said on Thursday (Sep 28).
According to a statement from the Philippine Department of Trade and Industry, durian supply constraints prevent the country from fully exploiting trade opportunities with China and need to be addressed immediately. The 20th China-ASEAN Expo, held earlier this month in Nanning, revealed strong demand for Philippine durians and hence significant export potential, which, however, cannot be realized at the moment.
Reputable organizations in the world forecast GDP growth in 2023 of Vietnam can be ranked first compared to other countries in the Southeast Asian region (ASEAN).
Southeast Asian companies are evaluating potential investments in African markets so as to support growth and seek new opportunities amidst China’s economic slowdown, said Chairman of the ASEAN Business Advisory Council (ABAC) Arsjad Rasjid.
According to Global Finance, among Southeast Asian countries, Vietnam possesses countless factors to become a favorite investment destination for FDI capital flows.
The European Chamber of Commerce (EuroCham) yesterday urged the new government in Cambodia to take steps to diversify its exports into services, as the country’s over-reliance on a few export sectors, such as garments, can make it susceptible to changes in global demand, trade policies and market competition.
In an era marked by increasing globalization, geopolitical tensions, and shifting economic landscapes, businesses worldwide are constantly evaluating their strategies to ensure resilience and sustainability. A relatively new concept that has gained attention in recent years is “friendshoring” – a strategic approach to offshoring or outsourcing that prioritizes countries with which a company’s home nation shares amicable diplomatic, economic, or trade relations.
The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand has forecasted a decline in rice production for the country’s 2023-24 harvest season, primarily due to the effects of the El Niño weather phenomenon.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
