THE European Union and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods as fears grow over mounting global protectionism. The signing comes amid worldwide trade turmoil, with a dragging US-China row and Britain’s impending exit from the European Union casting a dark cloud over global growth. […]
Read MoreThailand’s export prospects look gloomy this year amid weak global demand and the US-China trade spat. The conditions have prompted several economic forecasting institutions to cut their export views. The Bank of Thailand became the latest last Wednesday, trimming its full-year export forecast to zero growth from the 3% rise seen in March. The downward […]
Read MoreKUALA LUMPUR: A “huge rally” may be in store for commodity and equity markets should the United States and China surprise investors by sealing a trade deal, said CME Group senior economist and executive director Erik Norland. “On the other hand, it is also not the end of the world, if US President Donald Trump delays the […]
Read MoreTALK of recession has hit the region, and near home, Maybank Kim Eng Research is flagging that possibility for Singapore in the next quarter. Export-reliant economies are hard hit by slowing growth and supply chain disruptions caused by the prolonged US-China trade and tech war. There may be a ceasefire now in the fight between […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has prioritized amendments to the bank deposit secrecy law as well as consumer protection in its legislative wish list for the next Congress. BSP Governor Benjamin Diokno said bills pertaining to amendments to the bank deposit secrecy law, the financial consumer protection bill, and the agricultural […]
Read MoreIndonesia booked 0.55 percent month-to-month (mtm) inflation in June, lower than 0.68 percent in May, particularly due to higher food prices over Idul Fitri, Statistics Indonesia (BPS) announced on Monday. June’s mtm inflation rate was lower than that in the same period last year, which stood at 0.59 percent. BPS head Suhariyanto said June’s inflation was […]
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