Connect with us

Japan logistics firms tap Southeast Asia’s rising global trade

The growing cross-border trade involving the 10 members of the Association of Southeast Asian Nations totaled around $2.2 trillion in 2016, the International Monetary Fund says, roughly triple the level in 2000

Avatar

Published

on

Japanese cargo carriers look to cultivate the growing international trade around Southeast Asia, expanding service within and from the region as domestic volume stalls.

Loading...

Logistics company Sankyu plans a pilot program to combine apparel made in Myanmar and Thailand for shipment to Japan in containers, looking to launch the service as early as fiscal 2018. Container shipments typically involve goods from only one country because customs duties differ widely among nations.

Loading items from both countries will add to customs complications but help fill the containers and likely slash delivery time. Japan’s transport ministry will help fund the pilot.

Nisshin Transportation, a subsidiary of Hitachi Transport System, will debut regular shipments between Thailand and Myanmar as early as 2018, upgrading from its current on-demand service.

Apparel and food will travel together in the shipments, expected to run roughly weekly. Customers may include local businesses as well as Japanese companies, with the service delivering consumables for people in both Southeast Asian countries.

Nippon Express in October formed an office in Thailand to oversee operations for South Asia and Oceania. The company aims to design services based on its operations across the region as more shipments cross multiple borders.

The growing cross-border trade involving the 10 members of the Association of Southeast Asian Nations totaled around $2.2 trillion in 2016, the International Monetary Fund says, roughly triple the level in 2000 and about 80% more than the value for Japan. More than one-fifth of the total for Southeast Asia covered deliveries within the region.

Back in Japan, package delivery demand is rising but overall cargo transportation volume is declining, including business-to-business shipments. Expanding their market shares in…

Source link

Comments

Tourism

Will Thailand’s plan for quarantine-free tourism set a global trend?

According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key tourism destinations – Krabi, Phang Nga, Surat Thani (Ko Samui), Chonburi (Pattaya) and Chiang Mai – from October 1.

Oxford Business Group

Published

on

As part of plans to stimulate a rebound in tourism, some countries have moved to waive compulsory quarantine for international travellers who have received a coronavirus vaccine.

Loading...
(more…)

Continue Reading

Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

Avatar

Published

on

On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

Loading...
(more…)

Continue Reading

Environment

Southeast Asia remains a hot spot for plastic pollution

The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water bottles and sandwich wrap. But the quest for convenience has gone too far and we are failing to use plastics efficiently, wasting valuable resources and harming the environment.

Victoria Kwakwa

Published

on

Southeast Asia has emerged as a hot spot for plastic pollution because of rapid urbanization and a rising middle class , whose consumption of plastic products and packaging is growing due to their convenience and versatility.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,958 other subscribers

Latest

Trending