[JAKARTA] Indonesia’s trade deficit swelled in January as exports fell sharper than expected, although imports contracted for the first time in 19 months, data from the statistics bureau showed on Friday. Southeast Asia’s largest economy had a trade gap of US$1.16 billion in the first month of 2019, larger than the US$970 million deficit expected in a […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth in the fourth quarter of 2018 (4Q18) has surpassed expectations, as the country’s gross domestic product (GDP) grew 4.7% year-on-year (y-o-y). This marks the economy’s first acceleration in growth over the last one year, following the continued slowdown in GDP growth after 3Q17 where it registered a 6.2% growth. In […]
Read MoreGROWTH of both trade and exports eased in 2018, leading trade promotion agency Enterprise Singapore to maintain its growth forecasts for non-oil domestic exports (NODX) and total merchandise trade at zero to 2.0 per cent for 2019. Total trade crossed the S$1 trillion mark last year. Year-on-year NODX growth slowed from 8.8 per cent in 2017 […]
Read MoreA proposal calling for a shift to high-value crop production could lead to the death of the domestic rice industry, a Cabinet official said on Thursday. “[A proposed] policy to just rely on imported rice and ask our rice farmers to diversify to other crops is a death trap.” Agriculture Secretary Emmanuel Piñol said in a statement. […]
Read MoreTrade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods. Vietnam also agreed to expand its quota of Cambodian rice to 300,000 tonnes and tobacco leaves to 3,000 tonnes. These are the most significant points […]
Read MoreDespite seeing a significant decrease in oil and gas and consumer goods imports, Indonesia posted a US$1.16 billion trade deficit in January 2019 because of slower exports and low commodity prices. Exports decreased 3.24 percent month-to-month (mtm) and 4.7 percent year-on-year (yoy) to $13.87 billion because of a 29.3 percent mtm decrease in oil and gas exports to $1.24 billion. Meanwhile, imports went […]
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Thailand
