Investment in start-ups in Southeast Asia soared in the second quarter of this year despite the COVID-19 pandemic, led by e-commerce and fintech companies.
Cambodia has listed around 340 more commodities to export to China under the Cambodia-China bilateral free-trade agreement (FTA), bringing the total to more than 10,000. Most of the products are in agriculture and agro-processing and are in addition to what Cambodia has received from the Asean-China FTA, according to a senior official of the Ministry of Commerce.
Indonesia is placing 11.5 trillion rupiah ($793 million) in state funds with some regional development banks and extending loans to provincial governments to support economic recovery amid the pandemic, the finance minister said on Monday.
INDONESIA has seen a huge surge in Covid-19 infections and deaths after reopening its economy gradually since early June, but the country can ill afford to continue imposing a second partial lockdown.
Thailand's Ministry of Commerce said on Tuesday that it will begin to train farmers and entrepreneurs on how to tap into the benefits of the Regional Comprehensive Economic Partnership (RCEP) this year.
Becoming a member of the Association of Southeast Asian Nations (ASEAN) has brought about great benefits to Vietnam in various fields, according to Deputy Foreign Minister Nguyen Quoc Dung.
To date, ASEAN has over 200,000 coronavirus infections across all 10 member states, with more than 6,000 fatalities as a result of the deadly disease. Although other regions such as Europe and the Americas have recorded more COVID-19 cases compared to Southeast Asia – the pandemic has still managed to ravage livelihoods and local industries in the latter region.
Durian sales on e-commerce platforms are one of the successful stories under the booming digital economy cooperation between China and the Association of Southeast Asian Nations (Asean). In many Asean countries in the past months, the digital economy became a strong growth engine during the COVID-19 pandemic and the trend is expected to continue in post-pandemic recovery.