Thursday, October 22, 2020
Authors Posts by Romelda Ascutia

Romelda Ascutia

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World trade makes frail recovery but remains negative—UNCTAD report

Global trade value in 2020 will contract 7%-9% compared to 2019Some East Asian economies bucked the downtrend in Q3 exports, notably Taiwan,...

US power in Asia-Pacific waning—report

The United States remains the most powerful country in Asia but its relative power has waned in 2020 due to its handling...

COVID-19 has changed shopping behavior for good, survey finds

The COVID-19 pandemic is accelerating the shift towards a more digital world and permanently changing shopping behavior, a recent online consumer survey...

WTO launches new import licensing database

The World Trade Organization (WTO) has launched a new import licensing database—a one-stop shop for members and interested parties seeking to access...

Myanmar accedes to WCO Revised Kyoto Convention

Myanmar has become the latest member of the World Customs Organization (WCO) to accede to the Revised Kyoto Convention (RKC), making the...

World merchandise trade to fall 9.2% in 2020—WTO

Global merchandise trade is showing signs of bouncing back from a deep COVID-19 induced slump and is now forecast to register a...

ASEAN factory output, new orders fall anew in Sept

The IHS Markit Purchasing Managers’ Index (PMI) for the ASEAN region fell for the seventh consecutive month in September amid a renewed...

East Asia’s agri, food exports mainly intra-regional—UN report

East Asia and the Pacific economies largely export their food and agricultural commodities within the region, but imports of these goods are...

US tariffs underpin shift in Asian manufacturing landscape

The US-China trade war is shifting the Asian manufacturing landscape, as manufacturing of many Chinese goods affected by US tariffs has moved...

ASEAN self-certification scheme takes effect, firms happy

The ASEAN-Wide Self-Certification (AWSC) Scheme—a single unified self-certification scheme across all 10 ASEAN member states that simplifies customs procedures and allows participating...