Thailand and Vietnam Battle for Rice Market Dominance in the Philippines
Thailand and Vietnam are intensifying their competition for the rice market in the Philippines, as the country faces declining domestic production and increasing reliance on imports. With forecasts indicating a rise in rice imports to 4.1 million tonnes in 2024, both nations are positioning themselves to capture a larger share. The Philippine government’s recent tariff reductions are expected to benefit Vietnamese exporters, raising concerns for local farmers. This competitive landscape is crucial for shaping the future of rice pricing and agricultural trade in Southeast Asia.
UOB Group and CCPIT sign MOU to boost foreign investment and trade between China and Southeast Asia
On Wednesday, UOB Group and the China Council for the Promotion of International Trade (CCPIT) signed an enhanced memorandum of understanding (MOU) to boost foreign investment and trade between China and Southeast Asia. This collaboration will allow more than 350,000…