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Singapore raises 2021 trade forecasts but sees growth easing next year from high base

SINGAPORE – Singapore raised its 2021 trade forecasts for the fourth time, amid better-than-expected performance, robust global semiconductor demand and higher oil prices. But export growth is forecast to ease sharply in 2022 due to the high base this year and as the economic recovery for Singapore’s key trade partners slow. Total merchandise trade in 2021 is now expected to […]

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Malaysia steps up trade promotion in Vietnam

HCM City (VNA) – Vietnam and Malaysia still have large room to step up trade cooperation in such fields as food, beverages, and personal care products, heard the Malaysia-Vietnam Trade Promotion Programme held by the Malaysia Trade Office in Vietnam (Matrade) in Ho Chi Minh City on November 23. Speaking at the event, Malaysian Consul General in HCM City Wong […]

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Thailand: Diesel price to be capped at B28/litre

The government will cap the price of diesel at 28 baht per litre from December to March by limiting biodiesel content. The Energy Policy Administration Committee (EPAC) on Wednesday resolved to limit the amount of methyl ester (ME), known as biodiesel, in high speed diesel to 7% (B7 diesel) and suspend production of 10% (B10) […]

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