Thai exports rose for a ninth straight month in March and exceeded expectations, reaching the highest level in three years, although steep US tariffs remain a concern, says the Commerce Ministry.
The US set new duties as high as 3,521% on solar imports from four Southeast Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development.
The agreement is seen to enhance business opportunities across a free trade area of over 703 million people, with a combined gross domestic product of more than US$5.6 trillion (S$7.3 trillion).
Singapore's key consumer price gauge rose 0.5% in March from a year earlier, official data showed on Wednesday, the lowest annual rate since 0.6% in June 2021.
US firms importing from Singapore face nearly $1.6b in added costs from 10% base tariffs.
Current US trade policies and global reactions significantly influence the global economy, financial markets, and international trade. The Thai economy is under pressure from multiple sources, leading to heightened volatility and uncertainty, which may adversely affect exports, according to a Bank of Thailand report.
The Cambodian Private Commercial Center in Atsugi City, Japan, has emerged as a key platform for promoting Cambodia’s trade, investment, tourism, and culture to Japanese businesses and the public, said Seang Thay, Secretary of State at the Ministry of Commerce (MoC), during an official visit on Friday.
The Royal Government Friday unveiled details of the Public Private Partnership (PPP) contract worth $1.156 billion between Cambodian and Chinese companies for the development of the Funan Techo Canal (FTC) project, structured under a 51-49 percent ownership model.