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Indonesia posts $864m trade deficit in January as oil and gas exports slump

Indonesia recorded a US$864 million trade deficit in January on the back of plummeting oil and gas exports, Statistics Indonesia (BPS) announced on Monday. The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while total imports fell 4.78 percent yoy to $14.28 billion. Indonesia’s oil and gas exports experienced the largest decline, falling 34.7 percent yoy […]

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Cambodia, China closer to FTA signing deal

Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. The Ministry of Economy and Finance late last week held a meeting discussing the result of the first-round […]

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E-wallet adoption boosts Malaysia’s SMEs

TAWAU (BERNAMA) – The adoption of e-wallet digital payments among Malaysia’s small and medium-sized enterprises (SMEs) can spur the competitiveness of the sector domestically and internationally, according to an academician at Universiti Malaysia Sabah (UMS). Its Labuan International Finance Faculty senior lecturer Dr Suzillah Sidek said, e-wallet could directly increase the contribution of SMEs to […]

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Singapore downgrades 2020 growth forecast on virus outbreak; 2019 GDP slows to 0.7%

SINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of negative growth should the novel coronavirus outbreak be more severe than anticipated, even as 2019 full-year growth came in consistent with earlier flash estimates. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) growth […]

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EVFTA to trigger high-quality FDI flows into Vietnam: AHK

The Hanoitimes – “The EVFTA is a clear commitment for reliable trade based on transparent rules.” Stronger foreign direct investment (FDI) from Europe are expected to flow to Vietnam, into high-valued projects in the long term, when the EU- Vietnam free trade and investment protection agreements come into force, according to Marko Walde, chief representative of […]

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