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Malaysia: Palm oil stocks rise 8.8% in August

KUALA LUMPUR: Malaysia’s total palm oil stocks in August 2017 rose 8.79% to 1.94 million tonnes from 1.78 million tonnes in July. Crude palm oil (CPO) stocks also increased by 12.58% to 1.06 million tonnes during the month from 938,502 tonnes in the preceding month. Stocks of processed palm oil increased 4.59% to 885,430 tonnes […]

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Vietnam: Consumers increasingly tech-savvy: Nielsen

HANOI —Vietnam is home to a growing number of tech-savvy “connected consumers” that global corporations will increasingly seek to court, according to a study conducted by Nielsen in cooperation with Demand Institute. The study found that companies looking for growth opportunities are increasingly unable to target the traditional middle class, whose incomes have grown sluggishly […]

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Cambodia’s backbone is still the agriculture sector

Jayant Menon, lead economist for regional trade and cooperation at the Asian Development Bank in Manila, recently spoke to Khmer Times’ Sok Chan, and outlined how Cambodia could stay competitive by increasing its productivity. KT: Cambodia’s main exports are garments, footwear and agricultural products destined for markets in the European Union and the US. How will […]

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Indonesia – BI: Foreign Exchange Reserves in August Rise to 128.8tn USD

TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that the position of Indonesia foreign exchange reserves in August this year reached 128.8 trillion USD. This number is higher compared to the last position in July as much as US$127.8 trillion. “The increase is especially influenced by foreign revenues from taxes, oil and gas exports, and a BI auction, as well as the auction of foreign exchange securities (SBBI),” BI spokesperson Agusman, said in Jakarta on Friday, Sept. 8. The foreign exchange revenues, the […]

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Thailand: Govt sets B3 trillion tourism target

The government aims to achieve 10% growth in tourism income, or roughly 3 trillion baht, next year, by rolling out various tourism promotion packages to attract both Thai and foreign tourists to explore new destinations and promote longer stays in Thailand. The country’s tourism income has grown 8% already this year, compared to average annual […]

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