MANILA, Philippines — The export of coconut oil, the country’s top agricultural export, is expected to decline this year due to an oversupply of global vegetable oils coupled with the decline in local copra production. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), coconut oil exports may decline to […]
Read MoreExports risk shrinking by up to 8% this year as the pandemic ravages global supply chains and economies, says an exporter group. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the country’s export performance will become aggravated if the baht stays at an average of 30.50 baht against the US dollar. But […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. Ken Loo, secretary-general of GMAC told Khmer Times that the majority of buyers of Cambodian garments and textiles have already cancelled their orders. However, the association […]
Read MoreTHE Monetary Authority of Singapore (MAS) on Wednesday rolled out a S$125 million support package to help financial institutions and fintech firms amid the current economic slump. Funded by the Financial Sector Development Fund, about S$90 million will go towards supporting workforce training and manpower costs, and the remaining S$35 million, towards strengthening digitalisation and […]
Read MoreKUALA LUMPUR (Bernama) – The coronavirus or COVID-19 outbreak, which is said to have originated at a wet market in Wuhan, China, has spread all over the world like lightning and was categorised as a pandemic by the World Health Organisation (WHO) on March 11. To date, the virus has infected over a million people in […]
Read MoreAbout 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand’s six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank’s chief. Another measure is the Corporate Bond Stabilisation Fund (BSF), a pre-emptive strike […]
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