Asia Sourcing Update. Cambodia, Indonesia, Philippines, Thailand and Vietnam August 2013 FUNG BUSINESS INTELLIGENCE CENTRE IN THIS ISSUE:
|
|
- Dulcie Barnett
- 5 years ago
- Views:
Transcription
1 FUNG BUSINESS INTELLIGENCE CENTRE Asia Sourcing Update Cambodia, Indonesia, Philippines, Thailand and Vietnam August 2013 IN THIS ISSUE: I. In the News II. Major Economic Indicators III. Daily Exchange Rates IV. Appendix Thailand Exports put downward pressure on the country s growth Textile manufacturers are urged to invest abroad Thailand-EU FTA may come at a cost Vietnam Requirements for Preferential Customs Treatment Lowered Garment exports grew 14.5% yoy in 1H13 Garments added to US government forced labor list Cambodia Exports of garments and footwear grew by 19.6% yoy in 1H13 Deteriorating factory conditions draw attention to its apparel industry MUJI commits to an eco-friendly dyeing plant in the country The Philippines Export growth rebounded in June Garment sector regains US buyers The country lagged behind other ASEAN countries in attracting FDI last year Indonesia Rupiah depreciated to new low Changes to export administration proposed Another wage hike in the works for 2014
2 Cambodia, Indonesia, Philippines, Thailand and Vietnam In the News Cambodia: Exports of garments and footwear grew by 19.6% yoy in 1H13 The country s exports of garment, textiles and footwear witnessed a 19.6% yoy increase to US$2.51 billion in 1H13, according to data from the Ministry of Commerce. The rapid growth is mainly attributed to an increase in investment in the sector and the economic recovery of Cambodia s major export markets such as the US and the EU. Data showed that shipments to the EU, which grants trade preferences to Cambodia under the Everything But Arms (EBA) initiative, is catching up with those to the US, the largest importer of Cambodia s garment and footwear products. In 1H13, exports of garment, textiles and footwear to the EU grew 27% yoy to US$0.86 billion, while exports to the US rose 10% yoy to US$1.02 billion. Exports of garment, textiles and footwear to other countries increased 10% to US$0.63 billion. Cambodia s booming garment sector, however, is not without challenge. Two factory accidents were reported in May, killing two workers and injuring 31. Frequent protests and strikes are also posing threat to the industry. In May, hundreds of angry workers protested at a factory that produces clothing for the US sportswear company Nike, clashing with the police over their demand for higher pay. Cambodia: Deteriorating factory conditions draw attention to its apparel industry A report released in June by the International Labor Organization s Better Factories Cambodia (BFC) programme finds that improvements in working conditions have stalled. Compared to previous BFC reports indicating steady progress from 2005 to 2011, the conditions have actually deteriorated. While the report notes some improvements in employee entitlement payments, the ongoing non-compliance in the areas of worker health and safety, fire safety and child-labor remain a concern. The secretary-general of the Cambodian Garment Manufacturers Association (GMAC) pointed out that most of the increased noncompliance figures were from new factories, which comprise 26% of all factories covered in the report. This suggests that some of the deterioration may be attributed to the rapid growth of the country s apparel industry, with the number of export factories increasing by 8% to 412 between November 2012 and April The BFC program is funded by the Cambodian government, the GMAC, the World Bank, the US Department of Labor and the AusAid. It also generates income by selling its monitoring reports and services to global brands/retailers. Cambodia: MUJI commits to an eco-friendly dyeing plant in the country Japanese lifestyle brand MUJI, with 600 stores across Asia, Europe and North America, has announced a plan to develop an eco-friendly dyeing and sewing towel plant in Cambodia. The 2,000-square-meter facility will provide over 300 local jobs by MUJI also plans to grow the indigo plant a tropical plant that produces a dark blue dye around the facility to generate another 50 jobs and develop a new line of natural indigo dye products in the near future. The plan is part of MUJI s commitment to the Business Call to Action (BCtA), a global initiative aimed at supporting private sector s efforts to fight poverty through core business operations. On top of that, MUJI is also going to increase the number of its Cambodian suppliers and source more of its products from the country. Indonesia: Rupiah depreciated to new low The rupiah closed at 10,297 against the US dollar on 14 August, hitting the lowest level in more than four years. The currency s depreciation of 6.5% against the US dollar from 2
3 Asia Sourcing Update August 2013 the beginning of the year reflects not only investors response to announcement of stimulus reduction by the US Federal Reserve, but also weaknesses in Indonesia s economic fundamentals. The country is experiencing persistent twin deficits in the current account and the state budget. While latest official balance of payment data will not be released until 16 August, the central bank has already indicated that the current account deficit in 2Q13 widened to 3.5% of GDP from 2.4% in 1Q13. At the same time, with the price of subsidized gasoline 44% higher at 6,500 rupiah (US$0.64) a liter and the price of diesel 22% higher at 5,500 rupiah (US$0.54) a liter starting 22 June, inflation rose 8.6% yoy in July after a 5.9% yoy increase in June. To curb inflation and stabilize the exchange rate, the central bank increased its overnight benchmark rate (the BI rate) twice, in June and in July, by a total of 75 basis points to 6.50%. Indonesia: Changes to export administration proposed The government plans to switch the export administration system from Freight on Board (FOB) to Cost, Insurance and Freight (CIF) starting 1 August. The new policy aims to promote national shipping companies and relevant industries such as banking and insurance, so as to produce more jobs in the service sector. The rationale behind this policy is that if exporters rather than importers are responsible for insurance and freight, more services provided by local companies will be purchased. Besides, according to the Indonesian Trade Minister Gita Wirjawan, by swelling the export value, it is hoped that the CIF method can help reduce or even eliminate the country s trade deficit. Details on the new policy are scant. It is believed that the CIF system would be implemented first on exports of commodities and mining products such as coal. Indonesia: Another wage hike in the works for 2014 As the cost of living has gone up rapidly in the last few months, another minimum wage hike for 2014 is now in the pipeline. This is expected to put further significant pressure on the business sector after substantial increases in 2013 were implemented in key regions with high concentrations of labor-intensive industries, including Jakarta (up 44%) and West Java (up 25% on average). These are the largest reported minimum wage increases in over a decade. (See Appendix for Indonesia s latest provincial minimum wage levels.) Factories throughout the country have felt a negative impact from having to pay their workers an increased salary, and companies in Indonesia s garment manufacturing capital of West Java have reported declines in profits of up to 40% since the last minimum wage hike. In view of the adverse impact on industry, 949 companies have applied for government exemptions to avoid complying with the 2013 increase. According to the Ministry of Manpower, a total of 489 companies have received approval, 120 companies have been declined and the remaining 340 are still in process. In Indonesia, the minimum wage is determined by negotiations in a tripartite forum between labor unions, employers and local governments. The business community in Indonesia often protests against the local government s tendency to favor the side of the workers in an attempt to gain popularity and win votes, but there are indications that this time the government wishes to cap the increase at 20% much lower than the 50% that Indonesia s two biggest unions are demanding. With a presidential election in 2014, industry insiders say another wage hike is inevitable; 3
4 Cambodia, Indonesia, Philippines, Thailand and Vietnam nevertheless, the rise is expected to be within 30%. Philippines: Export growth rebounded in June Merchandise exports amounted to US$4.5 billion in June, up by 4.1% yoy, the highest growth in six months. Meanwhile, exports of electronic products, the country s largest export category, declined at a softer pace of 2.2% yoy compared to the 9.3% yoy decrease in May. Among the top ten export categories, exports of woodcrafts and furniture registered the highest yoy growth of 77.6% in June, followed by other mineral products (up by 58.4% yoy). By contrast, exports of machinery and transport equipment and apparel and clothing accessories dropped by 33.8% yoy and 26.3% yoy, respectively. In January-June 2013, merchandise exports fell by 4.4% yoy. Exports of electronic products and apparel and clothing accessories declined by 18.5% yoy and 14.8% yoy respectively, while exports of woodcraft and furniture surged by 64.5% yoy. Exporters remained confident that the positive export performance seen in June can be sustained in the coming months, especially as they are expecting demand for garments and electronic products to revive soon. Philippines: Garment sector regains US buyers The US buyers are making a comeback to the country for garments, as orders from the US have doubled during the last two to three months, according to Robert Young, president of Foreign Buyers Association of the Philippines (FOBAP). In the past few years, the US buyers placed fewer orders in the country due to the US economic slowdown. Apart from the recovering US economy, the recent increase in orders from the US buyers are also attributable to rising labor costs in China, as well as the suspended trade privileges for Bangladesh over concerns of labor safety issues. Knitted kidswear and women s woven sportswear are two major categories that the US buyers ordered. European buyers have also expressed their interest to place more orders, especially for the country s niche products such as abaca-woven bags, denims and t-shirts. Philippines: The country lagged behind other ASEAN countries in attracting FDI last year Despite impressive economic performance, the Philippines remained an FDI laggard among the ASEAN countries in 2012, according to the World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD). FDI inflows to the ASEAN countries totaled US$111.3 billion in Singapore remained the largest recipient, with FDI inflows amounting to US$56.7 billion, followed by Indonesia (US$19.9 billion), Malaysia (US$10.1 billion), Thailand (US$8.6 billion) and Vietnam (US$8.4 billion). The Philippines ranked the 6 th with US$2.8 billion. In terms of growth, however, FDI inflows to the Philippines grew by 54.0% yoy in 2012, the second fastest in the region after Cambodia (up by 72.6% yoy). Total FDI inflows to the ASEAN region went up by 2.1% yoy in the year. In 1Q13, approved foreign investments in the Philippines grew by 86.7% yoy to 34.6 billion pesos (approximately US$804 million), showing that foreign investors are gaining confidence in the Aquino administration and the country s economy. Thailand: Exports put downward pressure on the country s growth After declining by 5.2% yoy in May, Thailand s exports witnessed a 3.4% yoy decrease in June with total exports amounting to US$19.1 billion, according to data released by the Ministry of Commerce. In the first six months, exports 4
5 Asia Sourcing Update August 2013 registered a dismal 1.0% increase over the same period last year, far below the 2013 fullyear export growth forecast of % made by the Ministry in May. The disappointing export figures clearly put downward pressure on Thailand s growth prospects. In mid-july, the Bank of Thailand slashed the export growth forecast for 2013 from 7.5% to 4%, and lowered the GDP growth forecast from 5.1% to 4.2%. Thailand: Textile manufacturers are urged to invest abroad In view of Thailand s labor shortage, rising minimum wages and the likely expiry of Generalized System of Preferences (GSP) privileges to the US and EU markets, the Board of Investment (BoI) has advised four major industrial sectors electronics and electrical appliances, textiles and apparel, agriculture and construction to invest abroad. The country s industries are facing a severe labour shortage with a shortfall of over 300,000 workers in 2013, according to the Office of Industrial Economics. The textile and apparel sector faces the highest shortage of workers (43,520), followed by automotive (36,606), food (30,825) and electronics (25,600). The problem will become more severe because of the ageing population. Since January this year, Thailand has implemented for the first time a nationwide minimum wage of 300 baht (about US$9.6) per day. At the same time, Thailand may no longer be eligible for GSP privileges, as the country reaches the World Bank s upper-middle-income benchmark. According to Chartchai Singhadeja, director of the Thai Garment Manufacturers Association s Overseas Trade and Investment Center, costs for garment manufacturers would increase by 20-30% without any GSP privileges. Thailand: Thailand-EU FTA may come at a cost Thailand and the EU completed the first round of negotiations on a free trade agreement (FTA) in May An FTA will help maintain Thai exporters competitiveness in the EU market, especially as the trade benefits that they are enjoying under the current EU Generalized System of Preferences (GSP) may expire in However, the trade pact also comes at a cost as the EU will embed various rules in the FTA. One possibility is the prohibition of all duty rebates and duty exemptions on imported materials contained in the finished products exported to the EU. Such a provision would discourage the import of materials from other countries to Thailand. Besides, without the duty rebates or duty exemptions, the value of the imported or non-originating materials will increase and thus make it more difficult to satisfy the value-based rule of origin requirement stipulated by the FTA. Under current EU GSP benefits, raw materials imported into Thailand from other ASEAN countries that are also GSP beneficiaries can be considered originating from Thailand (i.e. the ASEAN cumulative rules of origin ). Once Thailand loses its GSP beneficiary status, the cumulative rules of origin will no longer apply to those imported inputs from other ASEAN countries, thereby forcing many Thai manufacturers to change their ASEAN sourcing strategy. As the EU has begun pursuing bilateral trade pacts with many major markets including the US, China and Japan, the Thai government is keen to finalize the FTA with the EU soon. The second round of negotiations will be held in Bangkok this September. Vietnam: Requirements for Preferential Customs Treatment Lowered After two years of pilot implementation, the Ministry of Finance promulgated Circular 86/2013/TT-BTC on 27 July to introduce an official priority customs system (also known 5
6 Cambodia, Indonesia, Philippines, Thailand and Vietnam internationally as the Authorized Economic Operator). The circular, which took effect on 11 August 2013, allows Vietnamese importers/exporters with annual turnover of US$200 million or more to receive fast-track approvals from customs agents for their imports/exports. For companies exporting agricultural or aquatic products, textile, leather and footwear, and companies importing raw materials for production of these export items, the annual turnover requirement is further lowered to US$50 million. The new regime has a lower threshold for eligibility compared to the pilot programme launched in 2011 (Circular 63/2011/TT-BTC), which required a minimum annual turnover of US$350 million (and US$70 million for priority sectors). Businesses certified under the new system are entitled to priority customs clearance, with benefits including reduced clearance time and Green Channel facility. For more information, please refer to %20customs%20regime.pdf Vietnam: Garment exports grew 14.5% yoy in 1H13 Exports of garments and textiles from Vietnam grew by 14.5% yoy to US$8.9 billion in the first six months of the current year, according to the Vietnam Textile and Apparel Association (VITAS). The top four markets for Vietnamese garments continued to be the US, the EU, Japan and Korea, which accounted for US$3.9 billion, US$1.3 billion, US$1.1 billion and US$660 million worth of exports in 1H13, respectively. Together, the four countries took up 79% of Vietnam s garment exports in the period. According to statistics from the General Department of Customs, the country s exports reached US$61.5 billion in 1H13, an increase of 15.1% over the same period last year. Vietnam: Garments added to US government forced labor list Garments from Vietnam is added to the US Department of Labor s latest List of Products Produced by Forced or Indentured Child Labor announced on 22 July. This means suppliers to US federal government bodies must not supply made-in Vietnam garments unless they can prove that no forced child labor is employed in the production of these items. In its Notice of Final Determination dated 23 July, the Department of Labor states that [T]here are more than isolated cases of forced child labor in garment production. These cases predominately occur in small, unregistered workplaces In the case of garments from Vietnam, ILAB [Bureau of International Labor Affairs] research in 2008 and 2009 revealed a trend of forced child labor in the sector. Further ILAB research in 2011 and 2012 revealed additional recent and ongoing cases of forced child labor in the garment industry, confirming earlier research. A report released in May by the US-based Worker Rights Consortium (WRC) a group of university administrators, students and other advocates that monitors working conditions in foreign countries also accused Vietnamese factory owners of forced labor, child labor, discrimination against female workers, unsafe working conditions, inadequate wages and of working with the Vietnamese government to squash attempts at forming independent unions. As a result of these findings, US human rights and labor groups have called on the Obama administration to suspend negotiations with Vietnam on the Trans-Pacific Partnership (TPP) agreement. These concerns are a preview of the likely debate in the US Congress over the TPP agreement. 6
7 Asia Sourcing Update August 2013 Major Economic Indicators Cambodia Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 Consumer price index Exports Exports (US$ mn) Of which: - Clothing (US$ mn) Other textile products Shoes Imports Imports (Cambodian riels bn) Gasoline (riels/litre) Diesel (riels/litre) Source: Ministry of Economy and Finance Indonesia Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Quarterly GDP (real yoy growth %) 6.0(1Q13) 5.8(2Q13) Production index of large and medium manufacturing Manufacturing PMI (HSBC) Real retail sales index Consumer price index Exports Exports (FOB, US$ bn) Imports Imports (US$ bn) BI rate (%, end of month) Source: Statistics Indonesia, Bank Indonesia, HSBC PMI reports Philippines Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Quarterly GDP (real yoy growth %) 7.8(1Q13) - Value of production index, manufacturing Volume of production index, manufacturing Producer price index for total manufacturing Consumer price index Exports Exports (FOB,US$ mn) Imports Imports (FOB,US$ mn) Balance of trade (US$ mn) Overnight repo rate (%, end of month) Source: National Statistics Office, National Statistical Coordination Board, Bangko Sentral ng Pilipinas 7
8 Cambodia, Indonesia, Philippines, Thailand and Vietnam Thailand Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Quarterly GDP (real yoy growth %) 5.3(1Q13) - Industrial production index (value added weight, not seasonally adjusted), yoy growth % Producer price index Consumer price index Exports Exports (US$ bn) Imports Imports (US$ bn) Trade balance (US$ bn) One-day repo rate (%, end of month) Source: National Economic and Social Development Board, Office of Industrial Economics, Bank of Thailand, Ministry of Commerce Vietnam Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Quarterly GDP (real yoy growth %) 4.8(1Q13) 5.0(2Q13) Industrial production index Manufacturing PMI (HSBC) Retail sales of consumer goods and services (year-to-date, yoy growth %) Price index of materials used for production 3.4(1Q13) 2.5(2Q13) Producer price index for industrial products 3.6(1Q13) 4.8(2Q13) Consumer price index Exports (year-to-date, yoy growth %) Exports (US$ mn) Of which: - Textile (US$ mn) Shoes & sandals Wood & products Imports (year-to-date, yoy growth %) Imports (US$ mn) Refinancing rate (end of month %) Source: General Statistics Office of Vietnam, General Department of Vietnam Customs, State Bank of Vietnam, HSBC PMI reports 8
9 USD: VND USD: PHP USD: THB USD: KHR USD: IDR Asia Sourcing Update August 2013 Daily Exchange Rates (February - July 2013) Cambodia USD: KHR official exchange rate Indonesia USD: IDR buy rate Source: National Bank of Cambodia Source: Bank Indonesia Philippines USD: PHP BSP reference rate Thailand USD: THB mid-rate Source: Bangko Sentral ng Pilipinas (BSP) Source: Bank of Thailand Vietnam USD: VND buy rate of commercial banks Source: State Bank of Vietnam 9
10 Cambodia, Indonesia, Philippines, Thailand and Vietnam Appendix Indonesia: Monthly minimum wages in different provinces/cities Province / City Change Rp (in US$*) Rp (in US$*) (%) Aceh 1,400,000 (145.5) 1,550,000 (151.3) 10.7 Bali Island 967,500 (100.6) 1,181,000 (115.3) 22.1 Bangka-Belitung 1,110,000 (115.4) 1,265,000 (123.5) 14.0 Banten 1,042,000 (108.3) 1,170,000 (114.2) 12.3 Bengkulu 930,000 (96.7) 1,200,000 (117.1) 29.0 Central Java 765,000 (79.5) 830,000 (81.0) 8.5 Central Kalimantan 1,327,459 (138.0) 1,553,127 (151.6) 17.0 Central Sulawesi 885,000 (92.0) 995,000 (97.1) 12.4 East Java 745,000 (77.4) 866,250 (84.5) 16.3 East Kalimantan 1,177,000 (122.3) 1,752,073 (171.0) 48.9 East Nusa Tenggara 925,000 (96.1) 1,010,000 (98.6) 9.2 Gorontalo 837,500 (87.0) 1,175,000 (114.7) 40.3 Jakarta 1,529,150 (158.9) 2,200,000 (214.7) 43.9 Jambi 1,142,500 (118.7) 1,300,000 (126.9) 13.8 Lampung 975,000 (101.3) 1,150,000 (112.2) 17.9 Maluku Island 975,000 (101.3) 1,275,000 (124.4) 30.8 North Maluku 960,498 (99.8) 1,200,622 (117.2) 25.0 North Sulawesi 1,250,000 (129.9) 1,550,000 (151.3) 24.0 North Sumatra 1,200,000 (124.7) 1,375,000 (134.2) 14.6 Papua 1,515,000 (157.5) 1,710,000 (166.9) 12.9 Riau 1,238,000 (128.7) 1,400,000 (136.6) 13.1 Riau Islands 1,015,000 (105.5) 1,365,087 (133.2) 34.5 Southeast Sulawesi 1,032,300 (107.3) 1,125,207 (109.8) 9.0 South Kalimantan 1,225,000 (127.3) 1,337,500 (130.5) 9.2 South Sulawesi 1,200,000 (124.7) 1,440,000 (140.5) 20.0 South Sumatra 1,195,220 (124.2) 1,350,000 (131.8) 12.9 West Java 780,000 (81.1) 850,000 (83.0) 9.0 West Kalimantan 900,000 (93.5) 1,060,000 (103.5) 17.8 West Nusa Tenggara 1,000,000 (103.9) 1,100,000 (107.4) 10.0 West Papua 1,450,000 (150.7) 1,720,000 (167.9) 18.6 West Sulawesi 1,127,000 (117.1) 1,165,000 (113.7) 3.4 West Sumatra 1,150,000 (119.5) 1,350,000 (131.8) 17.4 Yogyakarta 892,660 (92.8) 947,114 (92.4) 6.1 Source: *1 US dollar = 9,622 Indonesian Rupiah on 28 December, US dollar = 10,246 Indonesian Rupiah on 14 August, 2013 (Source: Bank of Indonesia) The Fung Business Intelligence Centre 10/F, Li Fung Tower, 888 Cheung Sha Wan Road, Hong Kong Tel: (852) Fax: (852) lfdc@lf1937.com Copyright 2013 The Fung Business Intelligence Centre. All rights reserved. Though the Fung Business Intelligence Centre endeavours to ensure the information provided in this publication is accurate and updated, no legal liability can be attached as to the contents hereof. Reproduction or redistribution of this material without prior written consent of the Fung Business Intelligence Centre is prohibited. 10
HIGHLIGHTS DECEMBER 2016
DECEMBER 2016 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing, Fung Business Intelligence 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852)
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY November 6 Key Developments in Asian Local Currency Markets Japan s real gross domestic product (GDP) growth accelerated to.% quarter-on-quarter in the third quarter (Q) of 6 from.%
More informationHIGHLIGHTS HIGHLIGHTS
DECEMBER 2013 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Fung Business Intelligence Centre 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852) 2300 2470
More informationMARCH 2018 HIGHLIGHTS
MARCH 2018 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing Fung Business Intelligence 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852) 2300
More informationNOVEMBER 2018 HIGHLIGHTS
NOVEMBER 2018 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing Fung Business Intelligence 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852)
More informationHIGHLIGHTS COUNTRY HIGHLIGHTS AUGUST 2015 OTHER HIGHLIGHTS
AUGUST 2015 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing Fung Business Intelligence Centre 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852)
More informationVIETNAM FOCUS. The Next Growth Story In Asia?
The Next Growth Story In Asia? Vietnam s economic policy has dramatically transformed the nation since 9, spurring fast economic and social development. Consequently, Vietnam s economy took off booming
More informationHIGHLIGHTS AUGUST 2016
AUGUST 2016 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing, Fung Business Intelligence 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852) 2300
More informationDECEMBER 2017 HIGHLIGHTS
DECEMBER 2017 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Global Sourcing Fung Business Intelligence 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852)
More informationAsia Sourcing Update. Bangladesh, India, Pakistan and Turkey July 2013 FUNG BUSINESS INTELLIGENCE CENTRE IN THIS ISSUE:
FUNG BUSINESS INTELLIGENCE CENTRE Asia Sourcing Update Bangladesh, India, Pakistan and Turkey IN THIS ISSUE: I. In the News II. Major Economic Indicators III. Daily Exchange Rates IV. Appendix: Global
More information1.3. Rankings: imports, exports and overall trade volume Philippines trade with EU Member States Structure and trends by product
Front Cover Contents 1 Overview 2 1. Trade Relations 1.1. Trade in goods: main trends 1.2. Trade in services 1.3. Rankings: imports, exports and overall trade volume 1.4. Comparison of EU-Philippines
More informationHIGHLIGHTS HIGHLIGHTS
SEPTEMBER 2014 IN THIS ISSUE In the news Major economic indicators Daily exchange rates Fung Business Intelligence Centre 10/F LiFung Tower, 888 Cheung Sha Wan Road Kowloon, Hong Kong T: (852) 2300 2470
More informationARANGKADA PHILIPPINES 2010: A BUSINESS PERSPECTIVE. Figure 10: Share in world GDP,
Living in the High Growth Neighborhood The Philippines is located in the world s fastest growing region. Figure 10 shows that the ASEAN-6 plus 4 (China, India, Japan, and Korea) in 2009 had about the same
More informationTextile Economic Intelligence
Centre for Trade Facilitation and Research in Textiles Textile Economic Intelligence (WEEK ENDING 01-07-16) NEWS HIGHLIGHTS Apparel export may fall 5% on global slowdown Brexit influence to impact Vietnam
More information1.1. Trade in goods: main trends Rankings: imports, exports and overall trade volume Philippines trade with EU Member States
Front Cover Contents Message from the EU Trade Commissioner 2 Overview 3 1. Trade Relations 1.1. Trade in goods: main trends 1.2. Trade in services 1.3. Rankings: imports, exports and overall trade volume
More informationTrans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth
Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth Background The Asia-Pacific region is a key driver of global economic growth, representing nearly half of the
More informationDecent Work for All ASIAN DECENT WORK DECADE
Tourism and employment in Asia: Challenges and opportunities in the context of the economic crisis Guy Thijs Deputy Regional Director ILO Regional Office for Asia and the Pacific Decent Work for All ASIAN
More informationWebsite: http//eeas.europa.eu/delegations/philippines
30th Floor, Tower II, RCBC Plaza 6819 Ayala Ave., 1200 Makati City, Philippines E-mail: Delegation-Philippines@eeas.europa.eu Website: http//eeas.europa.eu/delegations/philippines Contents 1 Message from
More informationeconomic QUARTERLY s n a p s h o t s IN THIS ISSUE: Latest Economic Developments: Growth, Foreign Trade, Fiscal Balance and Employment
IN THIS ISSUE: Latest Economic Developments: Growth, Foreign Trade, Fiscal Balance and Employment Financial Markets: Inflation, Foreign Direct Investments, Foreign Portfolio Investments, Current Account,
More informationCRS Report for Congress
Order Code RS21478 Updated February 23, 2004 CRS Report for Congress Received through the CRS Web Thailand-U.S. Economic Relations: An Overview Wayne M. Morrison Specialist in International Trade and Finance
More informationThe explicit link between adherence to
Overseas Development Institute Background Note September 29 Maintaining a competitive edge for Cambodian industry: widening or deepening the standards spectrum By Jodie Keane and Kong Ratha The explicit
More informationNBER WORKING PAPER SERIES THE TRADE PERFORMANCE OF ASIAN ECONOMIES DURING AND FOLLOWING THE 2008 FINANCIAL CRISIS. Jing Wang John Whalley
NBER WORKING PAPER SERIES THE TRADE PERFORMANCE OF ASIAN ECONOMIES DURING AND FOLLOWING THE 2008 FINANCIAL CRISIS Jing Wang John Whalley Working Paper 16142 http://www.nber.org/papers/w16142 NATIONAL BUREAU
More informationCambodia During Economic Integration Issues and Challenges
Cambodia During Economic Integration Issues and Challenges February 2007 Neou Seiha EIC Researcher 1 Contents 1. Evolution Cambodian Trade Policy 2. Cambodian Economic Situation during Integration 3. Challenges
More informationGlobalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009
GLOBALIZATION 217 Globalization The People s Republic of China (PRC) has by far the biggest share of merchandise exports in the region and has replaced Japan as the top exporter. The largest part of Asia
More information18 th MIICEMA Seminar TOWARD ECONOMIC STABILITY AND SUSTAINABLITY
Coordinating Ministry for Economic Affairs Republic of Indonesia 18 th MIICEMA Seminar TOWARD ECONOMIC STABILITY AND SUSTAINABLITY Edi P. Pambudi Assistant Deputy Minister Monetary & Balance of Payment
More informationCharting Philippines Economy, 1H 2017
Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
More informationASEAN ECONOMIC BULLETIN January 2016
ASEAN ECONOMIC BULLETIN January 2016 HIGHLIGHTS Although 2016 started with heightened global uncertainty, it could be a better year for ASEAN s economy, equivalent to the world s 7 th largest. The IMF
More informationIndonesia and The Implementation of ASEAN Economic Community
Indonesia and The Implementation of ASEAN Economic Community International Business Management Esther Kezia Simanjuntak 3099190 ABSTRACT Asean Economic Community (AEC) 2015 is a free market realization
More informationEXECUTIVE SUMMARY. Shuji Uchikawa
EXECUTIVE SUMMARY Shuji Uchikawa ASEAN member countries agreed to establish the ASEAN Economic Community by 2015 and transform ASEAN into a region with free movement of goods, services, investment, skilled
More informationGrowth, Investment and Trade Challenges: India and Japan
Growth, Investment and Trade Challenges: India and Japan October 31, 2017 Shujiro URATA Waseda University Outline 1. Economic Growth: Japan and India 2. Foreign Trade and Investment 3. India Japan EPA
More informationThe situation of trade relation between Vietnam and ASEAN
The situation of trade relation between Vietnam and ASEAN Nhung Thi Thai In 1988, a year before the Soviet Union collapsed, the 13th National Congress of the Communist Party of Vietnam adopted a resolution
More informationChapter 5: Internationalization & Industrialization
Chapter 5: Internationalization & Industrialization Chapter 5: Internationalization & Industrialization... 1 5.1 THEORY OF INVESTMENT... 4 5.2 AN OPEN ECONOMY: IMPORT-EXPORT-LED GROWTH MODEL... 6 5.3 FOREIGN
More informationThe Asia-Pacific as a Strategic Region for the European Union Tallinn University of Technology 15 Sep 2016
The Asia-Pacific as a Strategic Region for the European Union Tallinn University of Technology 15 Sep 2016 By Dr Yeo Lay Hwee Director, EU Centre in Singapore The Horizon 2020 (06-2017) The Asia-Pacific
More informationCambodia s Economy, Sectoral Outlook, Employment, and Skills
Cambodia s Economy, Sectoral Outlook, Employment, and Skills Chab Dai Bi-Annual Member Meeting 23 November 2017 Emerging Markets Consulting This presentation will cover the following topics: Contents Economic
More informationUS-China Trade Tensions and Vietnam
Economist s Note July 23, 2018 By Michael Kokalari, CFA Chief Economist US-China Trade Tensions and Vietnam The escalation of US-China trade tensions is weighing on Vietnam s stock market, despite Vietnam
More informationFEASIBILITY OF INDONESIA-TAIWAN ECONOMIC COOPERATION ARRANGEMENT
FEASIBILITY OF INDONESIA-TAIWAN ECONOMIC COOPERATION ARRANGEMENT By: Adriana Elisabeth Center for Political Studies, the Indonesian Institute of Sciences (P2P LIPI) Taipei, 30 May 2014 Feasibility Study
More informationCharting Cambodia s Economy
Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationParliamentary Research Branch FREE TRADE IN NORTH AMERICA: THE MAQUILADORA FACTOR. Guy Beaumier Economics Division. December 1990
Background Paper BP-247E FREE TRADE IN NORTH AMERICA: THE MAQUILADORA FACTOR Guy Beaumier Economics Division December 1990 Library of Parliament Bibliothèque du Parlement Parliamentary Research Branch
More informationASIAN CURRENCY CRISES IMPACT ON THAILAND, INDONESIA& SOUTH KOREA
ISSN: 2394-277, Impact Factor: 4.878, Volume 5 Issue 1, March 218, Pages: 79-88 ASIAN CURRENCY CRISES IMPACT ON THAILAND, INDONESIA& SOUTH KOREA 1 Rohan Regi, 2 Ajay S. George, 3 Ananthu Sreeram 1, 2,
More informationThe Nanning-Singapore Economic Corridor:
The Nanning-Singapore Economic Corridor: Challenges for China and ASEAN John WONG* To compete for GDP growth, many provinces and loccalities in China are developing their own going out strategies. Yunnan
More informationCountry Update. Manufactured products exports: Technical Barriers to Trade faced by exporters from Vietnam VIET NAM. Provided by
VIET NAM JULY 2016 CONNEXION FORUM Country Update Manufactured products exports: Technical Barriers to Trade faced by exporters from Vietnam Provided by CUTS International, Hanoi Resource Centre www.cuts-hrc.org/en
More informationPolicy brief ARE WE RECOVERING YET? JOBS AND WAGES IN CALIFORNIA OVER THE PERIOD ARINDRAJIT DUBE, PH.D. Executive Summary AUGUST 31, 2005
Policy brief ARE WE RECOVERING YET? JOBS AND WAGES IN CALIFORNIA OVER THE 2000-2005 PERIOD ARINDRAJIT DUBE, PH.D. AUGUST 31, 2005 Executive Summary This study uses household survey data and payroll data
More informationThe United States Trade Deficit Issue with China and its Economic Effects in 2016
The United States Trade Deficit Issue with China and its Economic Effects in 2016 Item Type text; Electronic Thesis Authors Jiang, Yuanzhi Publisher The University of Arizona. Rights Copyright is held
More informationAssignment. "Economic Profile of Vietnam"
PPG-525: Fundamental of Economics Assignment On "Economic Profile of Vietnam" Submitted to: Dr. Ahmed Tazmeen Department of Public Policy and Governance North South University Dhaka, Bangladesh Submitted
More informationExpanding the Number of Semi-skilled and Skilled Emigrant Workers from Southeast Asia to East Asia
December 2007 TDRI Quarterly Review 3 Expanding the Number of Semi-skilled and Skilled Emigrant Workers from to Yongyuth Chalamwong Sujittra Rodsomboon * 1. INTRODUCTION Globalization links East and n
More informationAn Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland
Core Module 15 An Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland The Chinese economy has been growing rapidly for years. Has it reached the level of the developed countries?
More informationState and Prospects of the FTAs of Japan and the Asia-Pacific Region. February 2013 Kazumasa KUSAKA
State and Prospects of the FTAs of Japan and the Asia-Pacific Region February 2013 Kazumasa KUSAKA 1 Development of Japan s EPA/FTA Networks Took Effect/Signed 12 countries and 1 region Study/discussion
More informationUNDERSTANDING TRADE, DEVELOPMENT, AND POVERTY REDUCTION
` UNDERSTANDING TRADE, DEVELOPMENT, AND POVERTY REDUCTION ECONOMIC INSTITUTE of CAMBODIA What Does This Handbook Talk About? Introduction Defining Trade Defining Development Defining Poverty Reduction
More informationMYANMAR IN TRANSITION Thailand s business. opportunities in new context.
MYANMAR IN TRANSITION Thailand s business opportunities in new context. REFORMS IN MYANMAR New Constitutio n in 2008 General Elections in 2010 By-elections in 2012 with NLD participation NCA Signing in
More informationForeign workers in the Korean labour market: current status and policy issues
Foreign workers in the Korean labour market: current status and policy issues Seung-Cheol Jeon 1 Abstract The number of foreign workers in Korea is growing rapidly, increasing from 1.1 million in 2012
More informationThe term developing countries does not have a precise definition, but it is a name given to many low and middle income countries.
Trade Policy in Developing Countries KOM, Chap 11 Introduction Import substituting industrialization Trade liberalization since 1985 Export oriented industrialization Industrial policies in East Asia The
More informationPush and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas
Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas February 20, 2013 Tsunehiko Yanagihara Mitsubishi International Corporation/Washington Office OUTLINE 1. Hollowing-Out
More informationChanges in export structure in Vietnam : impacts on Vietnamese maritime transport
World Maritime University The Maritime Commons: Digital Repository of the World Maritime University World Maritime University Dissertations Dissertations 2000 Changes in export structure in Vietnam : impacts
More informationChina ASEAN Relations: Opportunities and Challenges for Development
Rising Powers Workshop 1 Beijing, 15-16 July 2010 China ASEAN Relations: Opportunities and Challenges for Development Prof. Dr. Dang Nguyen Anh Vietnam Academy of Social Sciences (VASS) ASEAN The Association
More informationASIA MONTHLY. February 2013
ASIA MONTHLY February 13 Topics Changing Thai labor market and supply chain 1 Korea 3 Indonesia India 5 China 6 http://www.jri.co.jp/english/periodical/asia/ February 13, No.13 Topics Changing Thai labor
More information3 1-1 GDP GDP growth rate Population size Labor force Labor participation rate Employed population
INDEX Overview: Thailand 2 1 Economy 3 1-1 GDP 3 1-2 GDP growth rate 5 2 Population 6 2-1 Population size 6 3 Labor force and the related statistics 9 3-1 Labor force 10 3-2 Labor participation rate 12
More informationTrade Costs and Export Decisions
Chapter 8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises Trade Costs and Export Decisions Most U.S. firms do not report any exporting activity at all sell only
More informationEconomic Development: Miracle, Crisis and Regionalism
Economic Development: Miracle, Crisis and Regionalism Min Shu School of International Liberal Studies Waseda University 18 Dec 2017 IR of Southeast Asia 1 Outline of the Lecture Southeast Asian economies
More informationAFTA as Real Free trade Area
1 Executive Summary AFTA as Real Free trade Area Submitted to Department of Business Economics Ministry of Commerce By Kwanjai Sothitorn Nualnoi Pongsa Arunsmith Mallikamas Treerat Pornchaiwiseskul January
More informationChina Development Bank Financial Research Centre. The Chinese Economy: Myths and Realities
China Development Bank Financial Research Centre The Chinese Economy: Myths and Realities by Lawrence J. Lau Working Paper No. 1 July 21 Institute of Global Economics and Finance The Chinese University
More informationThailand: Market Profile
23 Jan 2019 Thailand: Market Profile 1. Overview Thailand has made remarkable progress in social and economic development, moving from a low-income country to an upper-income country in less than a generation.
More informationCHAPTER 1: INTRODUCTION
CHAPTER 1: INTRODUCTION 1. 1 Background 1.1.1 Introducing Tourism Industry of Thailand Thailand's tourism industry started from the beginning of the last century and entered the golden age in the 1980s.
More informationAsia Pacific Travel & Tourism: A 2014 Update on Key Metrics
Asia Pacific Travel & Tourism: A 2014 Update on Key Metrics Notations IVAs: International Visitor Arrivals P2P: Period-to-Period YTD: Year-to-date Country Codes: Designated Internet address endings Note:
More informationThailand at a Glance. Belgian Economic Mission to Thailand Information Session. Arkhom Termpittayapaisith
Thailand at a Glance Belgian Economic Mission to Thailand Information Session Arkhom Termpittayapaisith Secretary-General Office of the National Economic and Social Development Board (NESDB) Monday 18
More informationCurrent Situation and Outlook of Asia and the Pacific
ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of International Economic Summit 2013 Eleventh Bank Annual International Seminar Macroeconomic Policies for Sustainable Growth with
More informationSince the Vietnam War ended in 1975, the
Commentary After the War: 25 Years of Economic Development in Vietnam by Bui Tat Thang Since the Vietnam War ended in 1975, the Vietnamese economy has entered a period of peaceful development. The current
More informationAPPENDIXES. 1: Regional Integration Tables. Table Descriptions. Regional Groupings. Table A1: Trade Share Asia (% of total trade)
1: Regional Integration Tables The statistical appendix is comprised of 10 tables that present selected indicators on economic integration covering the 48 regional members of the n Development Bank (ADB).
More informationCharting Australia s Economy
Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationChina Sourcing Update
Fung Business Intelligence Centre Global Sourcing China Sourcing Update November 12, 2015 Labour Cost 1. Minimum wage levels in a number of provinces/ autonomous regions are adjusted upward From July to
More informationSurvey on International Operations of Japanese Firms (FY2007)
on International Operations of Japanese Firms () March 26 (JETRO) Contents I. outline; profile of respondent firms 3 China now the top site for overseas R&D bases 4 5 (1) More plan overseas than domestic
More informationHas Globalization Helped or Hindered Economic Development? (EA)
Has Globalization Helped or Hindered Economic Development? (EA) Most economists believe that globalization contributes to economic development by increasing trade and investment across borders. Economic
More informationNBER WORKING PAPER SERIES THE POST MFA PERFORMANCE OF DEVELOPING ASIA. John Whalley. Working Paper
NBER WORKING PAPER SERIES THE POST MFA PERFORMANCE OF DEVELOPING ASIA John Whalley Working Paper 12178 http://www.nber.org/papers/w12178 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge,
More informationProliferation of FTAs in East Asia
Proliferation of FTAs in East Asia Shujiro URATA Waseda University and RIETI April 8, 2005 Contents I. Introduction II. Regionalization in East Asia III. Recent Surge of FTAs in East Asia IV. The Factors
More informationSINO-ASEAN ECONOMIC INTEGRATION AND ITS IMPACT ON INTRA-ASEAN TRADE
SINO-ASEAN ECONOMIC INTEGRATION AND ITS IMPACT ON INTRA-ASEAN TRADE Sarah Y. TONG & LIM Tin Seng EAI Working Paper No. 144 ISSN 219-1318 ISBN 978-981-8-2359-7 All rights reserved Date of Publication: 8
More informationCAMBODIA SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement
CAMBODIA SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement Nov Dec 2016 Contents Objectives of the Engagement Country Context Main research questions I. What are the challenges to sustaining economic growth?
More informationDevelopment in Southeast Asia's lagging Regions: Comparing Papua, Southern Thailand and Mindanao
Development in Southeast Asia's lagging Regions: Comparing Papua, Southern Thailand and Mindanao Indonesia Project Arndt-Corden Department of Economics Crawford School of Public Policy ANU College of Asia
More informationThe views expressed in this document are those of the ADB staff and do not necessarily reflect the views and policies of the Asian Development Bank
The views expressed in this document are those of the ADB staff and do not necessarily reflect the views and policies of the Asian Development Bank or its Board of Governors or the governments they represent.
More informationUnderstanding AEC : Implication for Thai Business MRS. SRIRAT RASTAPANA
Understanding AEC : Implication for Thai Business MRS. SRIRAT RASTAPANA Director-General Department of Trade Negotiations April 20, 2011 Outline of Presentation 1. Thailand vs. ASEAN 2. Development on
More informationDeployment of women migrant workers from selected ASEAN Member States,
Deployment of women migrant workers from selected ASEAN Member States, -14 The International Labour Migration Statistics (ILMS) Database for ASEAN Tripartite Action for the Protection and Promotion of
More informationEconomics of the Trans- Pacific Partnership (TPP)
Economics of the Trans- Pacific Partnership (TPP) AED/IS 4540 International Commerce and the World Economy Professor Sheldon sheldon.1@osu.edu What is TPP? Trans-Pacific Trade Partnership (TPP), signed
More informationInvestment Climate Survey in Cambodia
Chapter 6 Investment Climate Survey in Cambodia Sau Sisovanna Cambodian Institute for Cooperation and Peace March 2009 This chapter should be cited as Sisovanna, S. (2009), Investment Climate Survey in
More informationINVEST IN VIỆT NAM INVEST IN ASEAN
INVEST IN VIỆT NAM INVEST IN ASEAN ASEAN CONNECTIVITY MINISTRY OF PLANNING AND INVESTMENT http://fia.mpi.gov.vn 1 28 June 2016 Vietnam Family Day ASEAN We are family Viet Nam 95 million people 331.211km2
More informationThe Human Face of the Financial Crisis
The Human Face of the Financial Crisis Prof. Leonor Magtolis Briones UP National College of Public Administration and Governance and Co-Convenor, Social Watch Philippines Fourth Annual Forum of Emerging
More informationCentral America strategic sourcing review a focus on Guatemala, El Salvador and Honduras
Central America strategic sourcing review a focus on Guatemala, El Salvador and Honduras 2016 edition Image Forster Rohner Textile Innovations E-broidery Technology Central America strategic sourcing review
More informationNicaragua TPL and TPP
ALSTON&BIRD LLP Nicaragua TPL and TPP New York June 10, 2014 Copyright 2014 Jon Fee All Rights Reserved Items of interest Nicaragua TPL extension Trans-Pacific Partnership (TPP) Trade Promotion Authority
More informationRecent Economic Developments
Recent Economic Developments 1. The Presidential elections outcome in May has generated high hopes for reform, especially in the anti-corruption and governance areas. Mr. Benigno Simeon Noynoy Aquino III
More informationInclusive Growth: Challenges For The East Asia Region
Inclusive Growth: Challenges For The East Asia Region ADFIAP International CEO Forum XI New World Makati Hotel, Makati City, Dec 8, 2015 Rogier van den Brink Lead Economist and Program Leader World Bank
More informationFloor. explains why. the fallout from the
January 16, 2013, 7:52 p.m. ET China Begins to Floor Lose Edge as World's Factory Manufacturing companies are bypassing China and moving factories to cheaper locales in Southeast Asia. Lever Style s Stanley
More informationPART 1. TRADE, FDI and ODA
PART 1 TRADE, FDI and ODA 15 China s Trade and FDI to MRB Countries: An Advocacy Document Xingmin Yin INTRODUCTION The Mekong River Basin (MRB) covers five countries: Cambodia, Lao PDR, Myanmar, Thailand,
More informationOctober 2006 APB Globalization: Benefits and Costs
October 2006 APB 06-04 Globalization: Benefits and Costs Put simply, globalization involves increasing integration of economies around the world from the national to the most local levels, involving trade
More informationChina National Day Golden Week 2017 Preview
China National Day Golden Week 2017 Preview Chinese traveling during this year s National Day Golden Week holiday, which runs for eight days through October 1 8, are expected to drive both global and domestic
More informationCAMBODIA S GARMENT INDUSTRY POST-ATC: Human Development Impact Assessment. CHAN Vuthy EIC Researcher
CAMBODIA S GARMENT INDUSTRY POST-ATC: Human Development Impact Assessment CHAN Vuthy EIC Researcher Project Launch Meeting: Addressing the Impact of ATC Expiration on Cambodia 1 Contents 1. Introduction
More informationASEAN and the EU. Political dialogue and security cooperation. Working closely for 40 years. Wednesday, 11 May, :22
Wednesday, 11 May, 2016-14:22 ASEAN and the EU The EU and ASEAN have a dynamic partnership in a number of areas, from political dialogue, cooperation in non-traditional security areas, trade and investment
More informationHow the East Grew Rich
China Development Bank Financial Research Centre How the East Grew Rich by Lawrence J. Lau Working Paper No. 11 December 213 Institute of Global Economics and Finance The Chinese University of Hong Kong
More information5. ASEAN Economy facing need to expand domestic demand amid an export plunge. Table Outline of ASEAN countries
5. ASEAN Economy facing need to expand domestic demand amid an export plunge (1) Overview of ASEAN Economy ASEAN, which was founded in 1967 based on a declaration of the foundation of ASEAN, was the first
More informationRecent trade liberalization efforts, including the North American Free Trade Agreement
Industries important in nonmetro areas, such as agriculture, food processing, and tobacco products, have benefited from increasingly open markets and increased exports. However, the textile and apparel
More informationGood MornING Asia - 18 September 2018
Economic and Financial Analysis Global Economics Bundle Good MornING Asia - 18 September 2018 The next round of the US-China trade war kicks off as early as next Monday with 10% tariffs on $200bn of US
More informationVIETNAM AND MYANMAR CONTINUE TO ADVANCE
VIETNAM AND MYANMAR CONTINUE TO ADVANCE By Chris Malone, Shu Ling Heng, Tuyet Vu, and Khant Khant Kyaw In the midst of the volatility and uncertainty surrounding emerging markets, two growth economies
More informationBADAN PUSAT STATISTIK KEPALA BADAN PUSAT STATISTIK 1
www.bps.go.id BADAN PUSAT STATISTIK KEPALA BADAN PUSAT STATISTIK 1 INDONESIA DURING THE GLOBAL ECONOMIC CRISIS: 2008 2009 HOW DEEP THE IMPACT? ISTANBUL, TURKEY MARCH 2010 BPS Statistics Indonesia 2 BPS
More informationTurning Trade Opportunities and Challenges into Trade: Implications for ASEAN Countries
Turning Trade Opportunities and Challenges into Trade: Implications for ASEAN Countries Dr. Ponciano Intal, Jr The OECD-WB Global Forum on Globalization, Comparative Advantage and Trade Policy Chengdu,
More information