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Tag: trade

  • China-ASEAN Trade Rockets to $643B in H1 2026 Bolstered by Growing Supply Chain Integration

    China-ASEAN Trade Rockets to $643B in H1 2026 Bolstered by Growing Supply Chain Integration

    In the first half of 2026, trade between China and the Association of Southeast Asian Nations (ASEAN) reached an impressive 4.34 trillion yuan (US$643.2 billion), marking an 18.2% increase from the same period the previous year. With an upswing of 24.5%, intermediate goods trade, including parts, components, and production inputs, accounted for roughly two-thirds of the total trade, amounting to around 2.86 trillion yuan.

    Integration of Chinese and ASEAN Industrial and Value Chains

    The General Administration of Customs of China (GACC) spokesperson, Lyu Daliang, attributed the steady growth in intermediate goods trade to the deepening integration and connectivity between Chinese and ASEAN industrial and value chains.

    In parallel, the latest statistics from Nanning Customs revealed that trade between China’s Guangxi Zhuang Autonomous Region and ASEAN reached 248.21 billion yuan in the first seven months of 2026 – a 2.5% increase year-on-year. This represented a new record for the period. Of note is the fact that trade with Vietnam increased by 3.3% to 183.71 billion yuan.

    Freight trains between Guangxi and Vietnam now operate daily, up from three services a week. These trains carry electronics and machinery southbound and transport tropical fruits like durians and mangosteens northbound.

    Boosting Trade through the Regional Comprehensive Economic Partnership

    The Regional Comprehensive Economic Partnership (RCEP), a 15-member trade agreement involving China, Japan, the Republic of Korea, Australia, New Zealand, and 10 ASEAN countries, has been a crucial framework supporting regional trade.

    All 15 signatories have fully implemented the RCEP since June 2023. The agreement’s rules of origin stipulate that materials originating in one member country and used in production in another member country are considered originating materials of the latter.

    The head of the Institute of International Market Research under China’s Ministry of Commerce, Xu Yingming, stated that the RCEP and the China-ASEAN Free Trade Area have reduced transaction costs and facilitated the closer integration of regional industrial chains.

    An ever-expanding China-ASEAN transport network continues to facilitate the smooth movement of resources while driving a surge in trade. The China-Laos Railway, which began operations in December 2021, recorded 17.17 billion yuan in import-export cargo value in the first half of 2026, a year-on-year increase of 33.8%.

    Questions & Answers

    What was the total value of China-ASEAN trade in the first half of 2026?
    The total value of China-ASEAN trade reached 4.34 trillion yuan (US$643.2 billion) in the first half of 2026.

    How has the Regional Comprehensive Economic Partnership (RCEP) impacted regional trade?
    The RCEP has significantly reduced transaction costs and facilitated a closer integration of regional industrial chains, thereby boosting regional trade.

    What has been the impact of the China-Laos Railway on trade?
    The China-Laos Railway has facilitated the smooth movement of resources and driven a surge in trade, recording 17.17 billion yuan in import-export cargo value in the first half of 2026.

  • Cambodia’s Trade Flourishes: $44B Turnover in 7 Months Marks 21.3% YoY Growth

    Cambodia’s Trade Flourishes: $44B Turnover in 7 Months Marks 21.3% YoY Growth

    Cambodia’s trade activity demonstrated remarkable growth in the first seven months of 2026, with a 21.3% increase in year-on-year total trade, reaching $44.07 billion. This surge came alongside a widening trade gap of $2.44 billion, a rise from the previous year’s deficit of $1.99 billion.

    This surge is attributed to an uptick in both exports and imports, which rose by 21.3% and 21.4% respectively. According to recent data from Cambodia’s General Department of Customs and Excise (GDCE), exports amounted to $20.81 billion, while imports were slightly higher, totaling $23.26 billion.

    Cambodia’s Trade Relations

    The data further revealed that China remained Cambodia’s most valuable trading partner. Trade activities between the two nations escalated by 23.9%, amassing $13.63 billion. Exports to China saw a 24.2% increase, translating to $1.1 billion, which indicates a robust demand for Cambodian goods. On the other hand, imports from China also saw a boost, rising by 23.8% to reach $12.52 billion.

    Apart from China, Cambodia also enjoyed a profitable trade surplus with the United States. Bilateral trade with the U.S. soared by 32.2%, amounting to $9.42 billion. This surge was primarily driven by a 30.6% increase in Cambodian exports to the U.S., particularly in sectors such as garments, footwear, and other manufactured products, which totaled $9.05 billion. Simultaneously, imports from the U.S. more than doubled, showcasing an 87% rise and hinting towards an expansion of bilateral trade relations.

    Trade activity with Vietnam also saw an enhancement, growing by 8.2% to reach $5.35 billion. Exports to Vietnam rose by 12.4%, yielding $2.73 billion, while imports amounted to $2.62 billion, showing a 4.2% increase.

    Questions & Answers

    What is the total value of Cambodia’s trade in the first seven months of 2026?
    The total value of Cambodia’s trade in the first seven months of 2026 is $44.07 billion, marking a 21.3% increase from the previous year.

    Who are Cambodia’s main trading partners?
    Cambodia’s main trading partners are China, the United States, and Vietnam.

    What factors contributed to the surge in bilateral trade between Cambodia and the U.S.?
    The surge in bilateral trade between Cambodia and the U.S. is largely attributed to a significant increase in Cambodian exports, particularly in garments, footwear, and other manufactured products.

  • DHL Express Boosts Asia-Europe Trade with New Direct Shanghai-Bangkok Flight Amid Rising Indochina Economy

    DHL Express Boosts Asia-Europe Trade with New Direct Shanghai-Bangkok Flight Amid Rising Indochina Economy

    DHL Express, the global logistics company, has recently introduced a new direct flight service connecting Shanghai and Bangkok. This additional capacity expands a trade route that forms a critical link between China and the burgeoning economies of Indochina. The newly launched flight route—travelling from Shanghai, via Bangkok and Bahrain, to Brussels and then back to Shanghai—significantly bolsters interconnectivity between various markets in Asia, the Middle East, and Europe. The sourcing, manufacturing, and consumption markets across these regions will benefit from this enhanced connectivity.

    The new route is serviced by a DHL Boeing 767 freighter, which has a maximum payload of 50 tons. This daily service underscores DHL Express’s continued commitment to invest in network capacity and infrastructure in high-growth markets. It also mirrors DHL’s ongoing efforts to monitor and adapt swiftly to changing trade patterns.

    Responding to Changing Trade Flows

    Peter Bardens, Senior Vice President for Network Operations & Aviation – Asia Pacific, DHL Express, expressed the company’s proactive response to evolving trade flows in Asia. Bardens highlighted the company’s observation of an increasing shift of goods between China and Southeast Asia, matched by a continued demand from European and Middle Eastern customers for products manufactured in the region. The new route is designed to bolster DHL’s network, providing greater capacity and more direct connections between pivotal production and consumption markets.

    Bangkok, being a strategic gateway to the Indochina region, is an important part of the new route. Additionally, DHL Express hubs in Bahrain and Brussels play a crucial role. The Shanghai-Bangkok route allows DHL Express to efficiently consolidate shipments from China and Southeast Asia before distributing them to various destinations across Europe and the Middle East.

    Supporting Increased Trade and E-Commerce

    The introduction of DHL’s direct flight service is timely, with manufacturers and traders in markets including Thailand, Vietnam, Cambodia, and Laos increasingly sourcing from China. These shipments frequently form part of intricate production chains that span several countries. As trade links between China and Southeast Asia strengthen, DHL Express is enhancing the speed, flexibility, and resilience of its network, which assists customers in moving materials, components, and finished products across Asia and onto global markets.

    Despite the dispersion of international business activities across global markets, businesses in Europe and the Middle East continue to maintain robust trade relations with their counterparts in China and Southeast Asia. The new route fosters trading opportunities for businesses and enhances accessibility for both regions.

    In conclusion, as both intra-Asia and global trade flows continue to display resilience, DHL remains committed to investing in its dedicated air network.

    Questions & Answers

    What is the purpose of the new DHL flight route connecting Shanghai and Bangkok?
    The new route aims to enhance connectivity between markets across Asia, the Middle East, and Europe by increasing the capacity of a trade route linking China and the rapidly growing economies of Indochina.

    Who is expected to benefit from this new route?
    Manufacturers, traders, and customers moving materials, components, and finished products from China and Southeast Asia to various destinations across Europe and the Middle East will benefit from this new route.

    How is DHL responding to changes in trade patterns?
    DHL is actively investing in network capacity and infrastructure in high-growth markets. The company is also improving the speed, flexibility, and resilience of its network to enhance its service for customers in these markets.

  • Shein Shrinks Vietnam Operations Amid US Trade Policy Shifts and Local Workforce Challenges

    Shein Shrinks Vietnam Operations Amid US Trade Policy Shifts and Local Workforce Challenges

    Over a year ago, Chinese fast-fashion retailer Shein embarked on an ambitious plan to make Vietnam its main export base. Shein started leasing 15 hectares of warehouse facilities near Ho Chi Minh City, which is approximately the size of 21 football pitches. The strategy seemed to be a high-risk, high-reward approach during its conception in late 2024.

    At that time, the US seemed likely to scrap its duty exemptions for small parcels from China, which formed the backbone of Shein’s business model. Simultaneously, the newly re-elected US President Donald Trump was fueling apprehensions about an intensified trade war. By April 2025, US tariffs on numerous Chinese commodities had soared to an astounding 145%. This environment prompted Shein to encourage its major Chinese suppliers to establish manufacturing bases in Vietnam.

    A Sudden Change of Plans

    However, this ambitious plan has not unfolded as Shein had hoped. Presently, Shein, which is preparing for its Initial Public Offering (IPO), has significantly scaled back its operations in Vietnam. The company, popular for its affordable range of apparel, has reduced its leased area to 6 hectares from the original 15, according to insiders familiar with the matter. One individual with direct knowledge of the situation even suggests that only one-third of the initially planned site is currently operational.

    Since April, the company has started massive layoffs, with more expected to follow. Warehouse workers have reported significant downsizing, with some teams retaining only a quarter of their workforce, while others have experienced even more layoffs. During a recent site visit, only a few employees and a handful of trucks were observed, indicating a sharp contrast to the bustling activities in adjacent warehouses.

    Scalability and Speed Over Tariffs

    Contributing factors to Shein’s decision to scale back include abrupt shifts in US trade policies, the company’s heavy reliance on Chinese suppliers, and the realization that manufacturers in other countries may not accept the same supplier conditions. Moreover, Vietnamese workers have shown reluctance to work the long hours for low wages, a business model Shein’s Chinese network of suppliers complied with.

    Shein’s business model depends on speed and flexibility, producing millions of styles in small batches at very low margins. However, manufacturers who moved their operations to Vietnam have found it less viable due to lower efficiency and have subsequently returned to China.

    As a result, Shein is now focusing more on its operations in Guangzhou and the broader Guangdong province. CEO Sky Xu announced a plan to invest 10 billion yuan (US$1.5 billion) in a smart supply-chain system in the region.

    Despite Shein’s recommitment to China, some domestic suppliers are hesitant to reciprocate, as they have experienced stagnation or minimal growth in orders from Shein. Some have begun supplementing their income by opening stores on other e-commerce platforms.

    Questions & Answers

    Why did Shein scale back its operations in Vietnam?
    Shein’s move was influenced by abrupt shifts in US trade policies, the company’s heavy reliance on Chinese suppliers, and Vietnamese workers’ reluctance to work long hours for low wages.

    How was Shein’s business model affected by these changes?
    The company’s business model, which depended on speed, flexibility, and low margins, was disrupted as manufacturers found operations in Vietnam less viable due to lower efficiency.

    What is Shein’s current strategy following this setback?
    Shein has chosen to refocus on its operations in Guangzhou and the broader Guangdong province in China, with plans to invest 10 billion yuan in a smart supply-chain system in the region.

  • Boosting Intra-Asia Trade: FedEx Launches Speedy Non-Stop Freighter Service from Guangzhou to Sydney

    Boosting Intra-Asia Trade: FedEx Launches Speedy Non-Stop Freighter Service from Guangzhou to Sydney

    Federal Express Corporation (FedEx) has expanded its intra-Asia network through introducing a dedicated, uninterrupted cargo service between its Asia-Pacific hub located in Guangzhou, China, and Sydney, Australia. This move is expected to bolster the import trade connections within Australia from several major markets spread across Asia.

    The new route, which will be serviced by Boeing 777 freighter aircrafts five times a week, promises to offer significantly faster transit periods for selected shipments originating from key Asia-Pacific markets. Customers can expect their goods to reach Australia from areas such as Southern Mainland China, Hong Kong SAR, Japan, South Korea, Malaysia, the Philippines, and Thailand within an impressive two business days.

    Boosting Growth for Asian and Australian Businesses

    The updated service is tailored to assist Asian exporters. It offers customers from Southeast Asia, North Asia, and Greater China more direct and reliable access to the Australian market. This is a significant benefit for industries that depend on the swift, punctual delivery of high-value shipments. With the new link, businesses across the region can expect to:

    – Enhance supply chain efficiency through improved speed-to-market and reduced inventory holding costs.
    – Expand capacity for heavy-weight freight and high-value goods.
    – Foster B2B growth in time-sensitive and high-value sectors.

    Salil Chari, president of FedEx Asia Pacific, believes that this development strengthens their intra-Asia connectivity, allowing their customers to access key markets like Australia more quickly and operate with greater agility.

    Fueling the Growth Momentum of the Intra-Asia Corridor

    The intra-Asia trade recorded a revenue increase of over ten percent year-on-year in 2025, projecting the region as a significant contributor to global growth. Companies are reconfiguring their supply chains to make them faster, more regional, and resilient, making seamless air connectivity across Asia crucial. The new direct connection through the FedEx Guangzhou Hub strengthens this backbone, enhancing high-speed trade and reinforcing Asia’s role as a central player in global commerce.

    The service is part of the company’s ongoing investments that aim to strengthen connectivity. These include dedicated nonstop Guangzhou–Penang cargo flights, additional weekly freighters between Guangzhou and Bangkok, and an enhanced outbound connection from Hanoi to South Korea. These improvements assist businesses in the region to tap into growing trade flows and expand into new markets.

    Questions & Answers

    What is the purpose of the new FedEx service between Guangzhou, China, and Sydney, Australia?
    The service aims to improve the import trade connections into Australia from major markets across Asia.

    How will the new FedEx service benefit businesses in the region?
    It will enhance supply chain efficiency through improved speed-to-market, expand capacity for heavyweight freight and high-value goods, and foster B2B growth in time-sensitive sectors.

    What other investments is FedEx making to strengthen connectivity in the region?
    FedEx is also investing in dedicated nonstop Guangzhou–Penang cargo flights, additional weekly freighters between Guangzhou and Bangkok, and an enhanced outbound connection from Hanoi to South Korea.

  • Thailand Elevates Trade Prospects with $750M Railway Project Boosting Port Connectivity

    Thailand Elevates Trade Prospects with $750M Railway Project Boosting Port Connectivity

    Thailand’s Ministry of Transport has confirmed its dedication to constructing a dual-track railway, a $750 million (27 billion baht) project that is viewed as a critical component in the nation’s logistics chain. Deputy Transport Minister Sanphet Boonyamanee, who talked about the project on Wednesday, highlighted it as a pivotal move towards bridging a “missing link” in Thailand’s nationwide logistics structure. This statement aligns with infrastructure strategies laid out by the government.

    The project in question is a 110-kilometer railway that will connect Chumphon and Ranong Port. This railway will directly link the country’s main rail system to its only deep-sea port, paving the way for a new trade conduit to the Indian Ocean. This railway is intended to facilitate an integrated multimodal transportation network that encompasses roads, railways, seaports, airports, and border crossings.

    Despite being smaller than many of Thailand’s main railway lines, this particular railway is predicted to function as a key land bridge. Once the railway is completed, freight from the agricultural and industrial areas in the north, northeast, central, and southern regions will be able to travel directly to Ranong Port via rail. This would render the need for road transport on the last leg of the journey obsolete.

    Another significant benefit of the new railway is that it will provide direct rail access to both Thailand’s coasts. The existing network links to the Gulf of Thailand ports, including Laem Chabang, Bangkok, and Map Ta Phut. However, the new route will create direct access to the Andaman Sea and the Indian Ocean, thereby broadening access to markets in the Middle East and Africa.

    A Project with Multiple Advantages

    In addition to facilitating international trade, officials also anticipate the project to stimulate economic growth in Chumphon and Ranong. They believe it will attract private investment towards warehouses, distribution centers, and logistics facilities.

    Government agencies are currently assessing the project’s economic, environmental, and social impacts. These studies are also determining whether to extend existing facilities at Ranong Port or to construct a new deep-sea terminal capable of accommodating larger container vessels.

    The State Railway of Thailand has finalized the project’s detailed engineering design and submitted its Environmental Impact Assessment report for review. The construction contract is expected to be up for bidding in 2027, subject to environmental approval later this year.

    The government had initially explored the possibility of this project in 2019 but later postponed it due to economic feasibility concerns.

    Questions & Answers

    What is the purpose of the new railway project in Thailand?
    The new railway is intended to establish a multimodal transportation network integrating roads, railways, ports, airports, and border crossings. It will also open a new trade gateway to the Indian Ocean.

    What benefits does the railway project bring to Thailand?
    The railway project is expected to boost international trade and spur economic growth in Chumphon and Ranong by attracting private investment in warehouses, distribution centers, and logistics facilities.

    When is the construction of the railway expected to start?
    Pending environmental approval, the bidding for the construction contract is expected to commence in 2027.

  • Surge in Durian Imports: Chinas Growing Craving Boosts Trade for Thailand and Malaysia

    Surge in Durian Imports: Chinas Growing Craving Boosts Trade for Thailand and Malaysia

    In the first half of 2026, China’s durian imports saw a significant increase of 47% compared to the previous year. This was largely due to surplus stock from Southeast Asian exporters, such as Thailand and Malaysia, following a decrease in durian prices. According to Chinese customs data, Thailand exported roughly US$3.79 billion worth of durians to China within this period, dominating 81% of the market share.

    The Durian Market

    Vietnam came in second in the durian export market throughout the first half of 2026, with exports reaching an estimated value of $846 million. This makes up 18% of the total durian imports into China. Despite this, Thailand’s durians remain a favorite among Chinese consumers, thanks to a robust logistics and quality-control system that effectively enhances the fruit’s reputation.

    Vietnam has also increased its durian exports to China since it received the green light to export fresh durians in 2022. However, some challenges were faced concerning quality control. Malaysia, a newcomer to China’s fresh durian market, exported roughly $30.26 million worth of the fruit within the first half of 2026, marking a whopping 342% increase compared to the same period the previous year.

    The Changing Durian Landscape

    In total, the volume of durian imports from all countries reached 1.07 million tonnes in the first half of 2026, increasing from 708,000 tonnes in the same period a year earlier. Factors such as improved services on the China-Laos Railway and the growth of Chinese e-commerce platforms have significantly boosted Southeast Asian durian exports to China, which is the world’s largest market and accounts for 90% of global durian consumption.

    Currently, durian producers like Malaysia, Thailand, and Vietnam are experiencing an oversupply due to the peak durian harvest season. This is a result of orchards reaching full production capacity and an output growth that surpasses demand.

    Despite the strong long-term demand from China, an imbalance has been noted where production has not expanded at the same pace as demand. This has resulted in a fall in durian prices during peak season. Officials in Malaysia are seeking permission from China’s General Administration of Customs to open a land-based shipping route in response to the oversupply.

    There has been a notable drop in durian prices in China, between 14% and 20%, due to factors such as increased supply from different origins, high inventories, and cautious consumer spending.

    Questions & Answers

    What caused the significant increase in China’s durian imports?
    There was a surplus of durians from Southeast Asian exporters due to a decrease in prices, leading to an increased supply to China.

    Which country is the largest exporter of durians to China?
    Thailand is the leading exporter, supplying approximately 81% of China’s durian imports in the first half of 2026.

    Why are durian prices falling in China?
    The decrease in durian prices in China can be attributed to increased supply from different countries, high inventories, and more conservative consumer spending.

  • Vietnam Customs Expedite Clearance for Durian, Other Ag Exports: A Boost for Border Trade

    Vietnam Customs Expedite Clearance for Durian, Other Ag Exports: A Boost for Border Trade

    In a bid to streamline border operations and facilitate smoother trade of agricultural goods, particularly durian exports, Vietnam’s Department of Customs has instructed its local sub-departments to hasten customs clearance processes at border checkpoints.

    This directive, which was issued recently, calls for the regional customs branches to provide maximum assistance and ensure same-day clearance of exported agricultural, forestry, and fishery products. This is to be implemented even outside standard operational hours. Furthermore, the order advised the appointment of officers to oversee export shipments and handle customs procedures, even during off-hours, such as evenings, weekends, and public holidays.

    Sub-departments have been directed to swiftly resolve any issues that may arise during customs clearance. Should the situation exceed their jurisdiction, they are to promptly refer the matter to the department for further guidance.

    Cooperation and Coordination

    The directive also emphasized the need for collaboration with warehouse and storage operators at border gates. This collaboration is essential to ensure the availability of proper facilities for the storage and sorting of goods awaiting export. This measure will help maintain the quality of agricultural, forestry, and fishery products.

    Regular updates regarding the progress of agricultural, forestry, and fishery exports are required, along with offering timely information and advice to exporters using local border gates. Coordination with relevant authorities is needed to control traffic and prevent congestion that could disrupt customs clearance.

    Constant dialogue is also critical with customs authorities at corresponding Chinese border gates. This is to ensure the swift resolution of issues that may arise during customs clearance, as well as keeping Vietnamese exporters abreast of any changes to China’s customs management and inspection policies for compliance assurance.

    For shipments that have exited Vietnam but are denied entry into China, customs authorities have been asked to prioritize and expedite re-import procedures based on the request of enterprises.

    The department has also explicitly forbidden any acts of obstruction, harassment, or unnecessary delays in customs clearance, which could escalate costs and result in losses for businesses.

    Questions & Answers

    What is the main aim of the directive issued by Vietnam’s Department of Customs?
    The aim is to expedite customs clearance at border gates for agricultural exports, particularly durian shipments, and to ensure smooth trade operations.

    How will the regional customs sub-departments facilitate this process?
    They are instructed to provide maximum assistance, ensure same-day clearance of exports, resolve issues promptly, and maintain regular communication with corresponding Chinese border gates.

    What measures are being taken to prevent potential issues during customs clearance?
    The sub-departments must coordinate with warehouse and storage operators at border gates for appropriate facilities, provide regular updates, inform exporters of changes in China’s customs policies, and prioritize re-import procedures for rejected consignments.

  • DBS Unveils Singapores First Retail-Ready Tokenised Gold Offering: Buy, Trade, and Hold via One Digital Platform

    DBS Unveils Singapores First Retail-Ready Tokenised Gold Offering: Buy, Trade, and Hold via One Digital Platform

    DBS Bank is set to revolutionize the financial market in Singapore by launching tokenized physical gold for retail customers in the latter half of 2026. With this initiative, DBS Bank takes the lead as the first bank in the nation to empower its customers with the capability to purchase, possess, and transact in tokenized physical gold via a singular digital platform.

    Tokenizing Precious Metal

    The advanced DBS Physical Gold Tokens will be available through the DBS digibank app. With each token backed by an equivalent amount of physical gold that will be securely stored in a dedicated DBS vault located in Singapore. Each token will stand for one gram of gold, providing customers the opportunity to acquire fractional ownership of this valuable metal.

    DBS Bank assures that this offering will facilitate 24/7 trading, almost immediate settlement, and the choice to exchange tokens for physical gold. Moreover, the bank is looking into the possibility of having the tokens listed on the DBS Digital Exchange (DDEx) for accredited and institutional investors.

    This launch coincides with the escalating interest in gold and the tokenization of real-world assets. DBS Bank will oversee the entire procedure internally, including tokenization, custodial services, vaulting, and distribution.

    Li Zhen, Head of Foreign Exchange, Precious Metals, and Digital Assets at DBS, commented on the initiative, stating that the bank’s comprehensive digital asset capabilities will simplify access to and management of physical gold for clients.

    James Tan, Group Head of Investment Product and Advisory, also shared his views on the subject. He mentioned that tokenization would expand access to an asset class that has typically been accessible mainly to wealthy and institutional clients.

    Expanding Digital Asset Services

    The introduction of tokenized gold expands upon DBS Bank’s existing array of gold investment products. Moreover, it is part of the bank’s broader endeavor to delve into digital assets and blockchain-based financial services.

    Questions & Answers

    What is the DBS Physical Gold Tokens initiative?
    This initiative by DBS Bank allows customers to purchase, hold, and trade tokenized physical gold via a single digital platform.

    What features does the tokenized gold offering include?
    The offering will enable 24/7 trading, near-instant settlement and the option to redeem tokens for physical gold. The bank is also exploring a future listing of the tokens on the DBS Digital Exchange for accredited and institutional investors.

    How does this initiative fit into DBS Bank’s broader strategy?
    The tokenized gold offering expands DBS Bank’s existing range of gold investment products and is part of the bank’s broader push into digital assets and blockchain-based financial services.

  • OCBC Joins Forces with Major Business Chambers to Boost China-ASEAN Trade

    OCBC Joins Forces with Major Business Chambers to Boost China-ASEAN Trade

    OCBC, Singapore’s second-largest bank, is amplifying its efforts to harness the expanding economic ties between Greater China and Southeast Asia. This new endeavor sees the bank forming a strategic partnership with two prominent business chambers, the Singapore Chinese Chamber of Commerce & Industry (SCCCI) and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME). This partnership aligns with OCBC’s recently announced corporate strategy, The Next Frontier. A crucial element of this strategy is the ‘Asia Shift’, which aims to boost trade and investment flows between ASEAN and Greater China.

    Riding the Intra-Asia Growth Trend

    OCBC’s strategic alliance combines the bank’s regional banking prowess with the expansive network of the CCCME, which involves more than 10,000 Chinese enterprises, and the SCCCI’s robust business connections across Southeast Asia.

    This initiative is in response to the continued expansion of Chinese companies into ASEAN markets. As per OCBC’s data, there was a 50 percent increase in 2025 in the number of new Chinese businesses the bank assisted in setting up operations in Southeast Asia. This significant rise follows a 30 percent growth in the preceding year.

    The cooperation agreement stipulates the support of small to mid-sized enterprises and corporations seeking cross-border trade and investment opportunities in both regions.

    Focus on Strategic Sectors

    The collaboration will be focused on industries predicted to fuel future growth. These include green technologies, sustainable development, digitalization, and advanced manufacturing. Additionally, the partners aim to reinforce trade and financing ecosystems that stimulate cross-border business activities.

    To manage this initiative, a joint coordination group will be set up. This group will be tasked with tracking progress and ensuring the successful execution of plans.

    Roy Tan, Head of Enterprise Banking International at OCBC, shared that Chinese enterprises have quickened their globalization pace in recent years, which necessitates robust on-the-ground assistance when penetrating new markets. The partnership will enable the bank to merge financing solutions with business matching and market-entry support. Tan believes this will enhance the efficiency of Chinese companies venturing into ASEAN while generating opportunities for businesses on both fronts.

    Singapore is positioning itself as a primary gateway for Chinese companies seeking expansion into Southeast Asia. This strategic move also aims to allow local businesses to take advantage of the escalating intra-Asian trade and investment flows.

    Questions & Answers

    What is the main goal of OCBC’s new partnership with SCCCI and CCCME?
    The partnership aims to capitalize on the growing economic ties between Greater China and Southeast Asia by supporting small to mid-sized enterprises and corporations seeking cross-border trade and investment opportunities.

    Which sectors will the collaboration focus on?
    The collaboration will focus on sectors expected to drive future growth, including green technologies, sustainable development, digitalization, and advanced manufacturing.

    How does this partnership align with Singapore’s position in the global market?
    The partnership aligns with Singapore’s efforts to fortify its role as a gateway for Chinese companies looking to expand into the ASEAN region, and to benefit local businesses from growing intra-Asian trade and investment flows.

  • Standard Chartered Pioneers in Chinas Market with First Bond Futures Trade

    Standard Chartered Pioneers in Chinas Market with First Bond Futures Trade

    Standard Chartered Bank China (SCB China) recently completed its first-ever Qualified Foreign Investor (QFI) investment in China Government Bond (CGB) Futures following the market’s recent opening. The bank served in dual roles, both as the QFI’s custodian and futures margin depository bank. This service facilitated the comprehensive execution of the trade.

    Opening Up of China’s Capital Markets

    On April 24, 2026, the China Securities Regulatory Commission, the People’s Bank of China, and the State Administration of Foreign Exchange sanctioned QFIs to trade in CGB futures for hedging purposes. This move opened up broader access to onshore risk management tools. Jerry Zhang, the Global Head of Banks and Broker Dealers & Head of Coverage for Greater China & North Asia, noted that Standard Chartered was among the first six banks authorized to participate in CGB futures. He explained that this development is a significant step towards the continued opening of China’s capital markets. It also satisfies the high demand from global institutional investors for improved risk management and portfolio diversification tools. Zhang asserted that, with its robust cross-border connectivity, Standard Chartered is ideally positioned to assist clients in efficiently and effectively executing their investment strategies in China.

    Pierre Mengal, the Regional Head of Financing & Securities Services for Greater China & North Asia, expressed that this initial transaction’s completion just over a month after the market opening highlights their strong collaboration with local regulators and partners, as well as their expertise in China market access schemes. He echoed that this also showcases the strength and consistency of their services and operations developed over decades of on-the-ground presence. Mengal concluded by saying that they are eager to enable more global investors to access China’s capital markets with speed and assurance.

    Standard Chartered’s Long-standing Presence in China

    Standard Chartered initiated its custodial business in China’s capital markets as early as 1992 and has since been a leading custodian in both inbound and outbound schemes. In 2018, Standard Chartered China became the first international bank to receive a domestic fund custody license. Since then, it has been custodizing products from local brokers, fund managers, and wholly foreign-owned enterprises, developing a unique proposition to facilitate collaboration between local and overseas investors.

    Questions & Answers

    What was the significance of the recent QFI investment completed by SCB China?
    The completion of this investment signifies the opening of China’s capital markets, promoting broader access to onshore risk management tools and catering to the strong demand from global investors.

    What roles did Standard Chartered play in this transaction?
    Standard Chartered acted as both the custodian and futures margin depository bank for the QFI, facilitating the comprehensive execution of the trade.

    How is Standard Chartered China positioned in the Chinese market?
    Standard Chartered has been a leading custodian in China’s capital markets since 1992 and was the first international bank to receive a domestic fund custody license in 2018. It has built a unique proposition of facilitating collaboration between local and overseas investors.

  • Malaysia Rattles Bullion Trade with 10% Duty on Gold Bar Imports

    Malaysia Rattles Bullion Trade with 10% Duty on Gold Bar Imports

    In the latest regulatory development, Malaysia has imposed a 10% import duty on certain inbound shipments of gold bars. This unexpected decision has jolted the nation’s gold trade, with effects felt since early May, as per anonymous reports from traders and dealers. Consequently, some shipments have been detained at customs or rerouted due to the absence of a corresponding rise in local gold prices, which rendered the imports unprofitable.

    The Impact on Customers

    Bank Muamalat Malaysia, a local Islamic bank offering gold investment products, has stated that the imposition of a 10% import tax on bullion will inevitably be transferred to customers. This could lead to a considerable price hike for investors. For instance, purchasing a one-kilogram bar via a Malaysian bank after June 8 could cost approximately MYR45,000 (US$11,300) more than it would have a week before.

    A representative from the Royal Malaysian Customs Department has noted that the Ministry of Finance plans to discuss the issue of “minted gold products” imports with industry leaders.

    Increasing Interest in Gold

    The value of gold surged to a record high earlier this year, stoking investor interest in the precious metal, including in Asia. In response to this trend, several Malaysian banks have debuted gold investment products over the past year. Furthermore, bullion logistics firm, Loomis AB, has established a vault near the nation’s capital to cater to the growing demand.

    According to the country’s Department of Statistics, Malaysia imported around US$2.5 billion worth of non-monetary gold up until April this year.

    This move by the Malaysian government mirrors a similar abrupt shift in import policies in India, the world’s second-largest gold and silver market. This change has yielded a domino effect across its metals and currency markets.

    Questions & Answers

    How has Malaysia’s imposition of a 10% import duty on gold bars affected the bullion trade?
    This move has disrupted the bullion trade, with some shipments being held at customs or diverted due to the increased cost, which, without a corresponding rise in local gold prices, made the imports unprofitable.

    What is the likely impact of this decision on customers?
    Bank Muamalat Malaysia has indicated that the imposition of this import tax will eventually be passed on to the customers, leading to increased prices for investors.

    Has there been a change in the demand for gold?
    Yes, there has been a growing interest in gold, spurred by its record high value earlier this year. In response, several Malaysian banks have launched gold investment products, and bullion logistics company, Loomis AB, has opened a vault near the country’s capital.

  • OCBC and Australia Aim to Double Trade and Investment in Southeast Asia by 2030: A New Strategic Partnership

    OCBC and Australia Aim to Double Trade and Investment in Southeast Asia by 2030: A New Strategic Partnership

    Overseas-Chinese Banking Corporation (OCBC) and the Australian High Commission in Singapore have recently launched a five-year strategic alliance aimed at fortifying trade and investment flow between Australia and Southeast Asia. The partnership is designed to considerably boost these economic currents by 2030, with OCBC setting their sights on a surge of over 200%.

    Focus on Key Sectors

    The strategic partnership aligns with Australia’s ambitious Southeast Asia Economic Strategy towards 2040, known as ‘Invested’. The focus of the collaboration will be on pivotal sectors such as energy transition, infrastructure, green transportation, fintech, and digital innovation.

    The cooperation brings together OCBC’s robust regional banking network and formidable financing ability, alongside the policy know-how of the Australian government. It also encompasses collaboration with various Australian departments including External Affairs and Trade, Export Finance and the Australian Trade and Investment Commission. This synergistic effort aims to pave the way for Australian companies to grasp lucrative opportunities sprouting across Southeast Asia.

    Celebrating its 40th anniversary of operation in Australia this year, OCBC reported significant growth in its Sydney branch in recent times. The surge in growth can be attributed to thriving sectors such as real estate, energy, utilities, and digital infrastructure.

    Creating Opportunities for Expansion

    Elaine Lam, Head of Global Corporate Banking at OCBC, expressed that the strategic collaboration is set to form a potent platform for Australian enterprises and investors looking to spread their wings into Southeast Asia. She identified burgeoning opportunities in the region, particularly in energy transition, infrastructure development, and green transportation.

    Notably, big Australian players like Lendlease and Qantas are among the companies supported by OCBC. The bank has recently provided backing for Qantas’ fleet renewal financing programme and has also lent support to several Lendlease developments situated in Singapore, Sydney, and Kuala Lumpur.

    Questions & Answers

    What is the goal of the strategic partnership between OCBC and the Australian High Commission in Singapore?

    The partnership aims to substantially enhance trade and investment flows between Australia and Southeast Asia by 2030.

    What sectors will the cooperation focus on?

    Key sectors encompass energy transition, infrastructure, green transportation, fintech, and digital innovation.

    Which Australian companies are currently supported by OCBC?

    OCBC is currently backing major Australian companies such as Lendlease and Qantas.

  • Malaysia’s Food Prices Set to Skyrocket by 50% in Wake of Fuel Crisis, Trade Associations Warn

    Malaysia’s Food Prices Set to Skyrocket by 50% in Wake of Fuel Crisis, Trade Associations Warn

    Trade associations in Malaysia are warning that the country’s food prices could potentially surge by up to 50% due to the escalating energy crisis linked to the conflict in Iran. This crisis has led to an increase in fuel costs, which in turn is inflating the prices of raw materials. These materials are vital in the preparation of daily staples like nasi lemak, a popular dish of rice and meat served on a pandan leaf with spicy chili paste. The prices of these ingredients have already witnessed a significant rise, leaving traders little choice but to pass on the increases to consumers.

    Impact on Traders

    Rosli Sulaiman, president of the Federation of Malaysian Hawkers and Traders Associations, noted that even before the spike in fuel prices, costs had already risen by around 20% to 30%. He warned that when costs are high and return profits are non-existent, traders are compelled to raise their selling prices, albeit at a small margin. The impact of this situation is most deeply felt by small traders, hawkers, and the general public.

    The Malaysian Muslim Restaurant Owners Association (Presma), representing the Indian-Muslim community’s 24-hour eateries, already reported a cost increase of up to 30% within the past year. These cost upticks are affecting raw ingredients like chicken and vegetables, as well as cooking gas and plastic packaging.

    Pressures on the Food and Beverage Industry

    Government data reveals that Malaysians’ expenditure on dining out surpassed MYR870 (US$216) per month in 2024, denoting a 17% rise from the previous year. This trend indicates a growing affinity towards eating out as opposed to cooking at home and accounts for over 12% of the median monthly household income of MYR7,017.

    However, experts caution that the country’s MYR60 billion food and beverage industry could struggle to maintain growth if global crude oil prices – which peaked at $115 per barrel recently – stay high for an extended period. Fertilizer shortages impacting agriculture, as well as increasing shipping and logistics costs, could also contribute to imported inflation, thus affecting the sector beyond higher energy and transport costs.

    Potential Impacts on the Economy

    Doris Liew, an economist specializing in Southeast Asian development, warns that these secondary effects are likely to be more persistent in a trade-dependent economy like Malaysia than the initial energy shock. Despite Malaysia’s targeted fuel subsidies potentially buffering households from immediate price shocks, they are unlikely to offset the rising input costs for businesses. These costs are anticipated to trickle down to consumers, which could dampen business sentiment and consumer confidence, leading both companies and households to curtail spending amidst uncertainty.

    Questions & Answers

    What impact is the energy crisis having on Malaysia?
    The energy crisis associated with the conflict in Iran is driving up Malaysia’s food prices, with potential surges of up to 50%. The cost increase is affecting raw materials essential for daily living, and these costs are being passed on to consumers.

    What impact could the surge in prices have on the wider economy?
    The surge in prices could dampen both business sentiment and consumer confidence, causing companies and households to reduce spending due to uncertainty. This has the potential to slow economic growth amidst increasing inflation.

    What are potential solutions to offset the rising costs?
    While Malaysia’s targeted fuel subsidies may buffer households from immediate price shocks, these measures are unlikely to mitigate the rising input costs for businesses. It is crucial for the government to assure citizens of sufficient fuel and food supplies, backing up these claims with data to regain public confidence.

  • Doji Dives into Silver Bar Trade: New Online and In-store Opportunities for Vietnamese Investors

    Doji Dives into Silver Bar Trade: New Online and In-store Opportunities for Vietnamese Investors

    DOJI, a renowned jewelry retail chain, recently joined the ranks of the nation’s silver bar distributors, making it the fourth such establishment in the country. The company initiated the sale of one- and five-tael silver bars in the cities of Hanoi and HCMC on Tuesday, with plans for expansion into Da Nang City and Hai Phong City. It’s notable to mention that a tael is a unit of measurement equivalent to 37.5 grams or 1.2 ounces.

    Customers are given the option to either purchase from DOJI’s physical stores or use the company’s eGold app to shop online. The company expressed that there has been a rapid increase in demand for physical silver as a store of wealth. However, the market is experiencing a shortage of standardized products, particularly regarding weight and quality.

    The Current Silver Bar Market

    As it stands, the silver bar market is serviced by three other distributors, Phu Quy Silver, Sacombank, and Ancarat. Despite the growing popularity of silver bars, market analysts have issued warnings regarding the volatility of silver prices. They noted that price fluctuations for silver tend to be more drastic compared to gold, which may make it less suitable for novice short-term traders and those employing leverage.

    Recent Silver Market Trends

    Following the Lunar New Year holidays, silver has been trading at VND3.4 million (US$126.21) per tael, which is 25% below the record high it reached at the end of January. The average price forecast for the metal this year is $81 per ounce, as per the prediction of a major banking institution. This is more than double the 2025 figure.

    Another financial institution provided a more optimistic short-term forecast at the close of January, suggesting that silver could potentially reach $150 within three months. This prediction was attributed to technical factors and developments in supply and demand.

    Questions & Answers

    What is the latest addition to DOJI’s offerings?
    DOJI has recently started selling one- and five-tael silver bars, becoming the country’s fourth distributor of this product.

    What has led to the increased demand for physical silver?
    The surge in demand for physical silver is largely due to its appeal as a store of wealth. However, the market currently lacks standardized products in terms of weight and quality.

    What are the current predictions for silver prices?
    A major banking institution projects an average price of $81 per ounce this year, more than double the 2025 figure. Another financial institution anticipates that silver could reach $150 within three months due to technical factors and supply-demand developments.