In a significant milestone for the Philippines, the Regional Comprehensive Economic Partnership (RCEP) officially took effect on June 2, 2023. This historic trade agreement opens a gateway of opportunities for businesses and investors within the country, paving the way for economic growth and prosperity.
Nearly half a million tonnes of durian have been exported to China in the first five months of the year, as the popularity of Thai durian continues to soar among Chinese consumers, helped by the shorter transport route that takes just four days.
ASEAN or the Association of Southeast Asian Nations is a regional intergovernmental organization that promotes economic, political, and security cooperation among its member countries. The organization consists of ten member countries, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The digital economy, on the other hand, refers to the economic activity resulting from billions of everyday online connections between people, businesses, devices, data, and processes. The digital economy covers various activities, including e-commerce, digital payments, and online services. The importance of the digital economy for ASEAN cannot be overstated, because it has the potential to significantly increase the region’s ability to compete in the global market.
Unable to decouple from either side, the Asian nations are in an unenviable position
The Malaysian ringgit (RM) depreciated for a fifth straight session to slump to a more than seven-month low on June 23 due to a firmer dollar and weak oil prices.
The Regional Comprehensive Economic Partnership (RCEP) will offer Cambodia new avenues for economic growth, a legal luminary has opined.
The Department of Foreign Trade is taking the lead to expand sales of Thai jasmine rice in China and Hong Kong SAR, according to its director general Ronnarong Phoolpipat.
In a nod to the Kingdom’s green development, APEC host economy – the U.S. has included Thailand’s bio-circular-green (BCG) economic model in discussions on sustainability and inclusive economics at APEC’s summit of trade ministers last week.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
