HKTDC welcomes measures to ease quarantine restrictions

HONG KONG, Aug 8, 2022 – (ACN Newswire via – The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong SAR (HKSAR) Government’s relaxation of entry quarantine measures, which will have a positive impact on Hong Kong’s economic recovery and strengthen the city’s international competitiveness. The HKTDC has been supporting Hong Kong’s small-to-medium […]

Global leaders, experts convene at ABAC Forum on skills and services of the future

Understanding the need for urgent action to ensure that talent and businesses alike are prepared to leverage on emerging technological trends as part of the services sector’s broader strategy for growth and recovery in the Asia-Pacific region, APEC Business Advisory Council (ABAC) REIWG Services Trade Lead Sabin Aboitiz brought together global thought leaders and experts […]

Philconstruct Visayas returns to Cebu

PHILCONSTRUCT Visayas, the country’s largest construction trade show, officially returned to Cebu on Thursday, July 21, 2022 at the Waterfront Cebu City Hotel and Casino.The country’s largest construction trade show features more than 200 exhibitors for over 360 brands showcasing items and products such as heavy machine and equipment, tools, lighting, and generators, among others. […]

Ukraine war to affect ICTSI’s operations

LISTED PORT operator International Container Terminal Services, Inc. (ICTSI) said on Thursday that it expects the ongoing Russia-Ukraine war to have an impact on its performance, mainly due to trade disruptions among countries. “So far, since the war started in February, we are only about to start seeing the effects,” ICTSI Chairman and President Enrique […]

Myanmar Announces Direct Border Trade Currency Settlement with Thailand; Plans Similar Non-Dollar Convertibility with India in Near Future

NAY PYI TAW, MM, Mar 15, 2022 – (ACN Newswire via – The Myanmar Government has agreed to accept the Thai baht as an official currency for settling border trade starting this month. Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border […]

Global fintech Ebury enters Hong Kong non-bank lending market to target credit-starved importing and exporting SMEs

HONG KONG, Jan 27, 2022 – (ACN Newswire via – Ebury, the global non-bank leader in cross border finance for SMEs, is entering Hong Kong’s non-bank lending market to provide trade finance for credit-starved small and medium-sized companies. Ebury announced today that it had started competing head-on with large banks and Hong Kong’s non-bank […]

MoU Between Verofax Asia and Distichain to Enable Empowered Digital Global Trade

DUBAI / KUALA LUMPUR, Jan 21, 2022 – (ACN Newswire via – Under the patronage of YB Tan Sri Datuk Seri Panglima Haji Annuar Bin Musa, Malaysian Minister of Communications and Multimedia, and with the participation of Malaysia Digital Economy Corporation (MDEC), a Memorandum of Understanding (MoU) was signed on January 12th, 2022, between […]

DTI’s Lopez says farmers to benefit from RCEP market opening, tech investment

TRADE Secretary Ramon M. Lopez said the Regional Comprehensive Economic Partnership (RCEP) trade agreement will benefit the agriculture sector via expanded market access and technology investment. “The agricultural sector is set to benefit from the RCEP agreement. These benefits range from improved market access in the RCEP region, cheaper access to raw materials, wider cumulation area, […]

DTI bills RCEP as recovery driver in Senate testimony

THE PHILIPPINE participation in the Regional Comprehensive Economic Partnership (RCEP) trade deal will help revive the slumping economy after the pandemic, the Department of Trade and Industry said in Senate testimony. “RCEP is expected to promote economic efficiency of member states, linking their strengths in manufacturing, technology, agriculture, and natural resources, and it will reinforce […]

Online brokerage Tiger Brokers (Singapore) sees strong Q3 growth led by first-timer deposits and newly funded accounts

SINGAPORE, Dec 3, 2021 – (ACN Newswire via – Online brokerage Tiger Brokers (Singapore) Pte. Ltd. (“Tiger Brokers Singapore”) today announced that the average Singapore ‘first-timer’ account deposit has increased to $5,000 this quarter (Q4 2021), compared to the average initial deposit of $4,000 in Q2 and Q3 2021, as the pool of investors […]

GBA companies eyeing ASEAN opportunities

Strong interconnectivity between regions boosts trade and investment HONG KONG, Nov 29, 2021 – (ACN Newswire) – Close to 60 per cent of companies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) are considering further expansion into the Association of Southeast Asian Nations (ASEAN) countries in the next three years, a research report by UOB Hong Kong Branch and […]