The value of exports of polylactic acid (PLA), a type of biodegradable plastic, is expected to increase by 16.6% this year to 2.7 billion baht, with an additional 6,800 tonnes shipped out, making the country the world’s third largest exporter, according to the Industry Ministry. Last year, PLA exports stood at 42,020 tonnes, valued at […]
Read MoreIndonesian small businesses, which have shown resilience during previous economic downturns, have borne the brunt of the impact of the Covid-19 pandemic and are now looking for ways to revive their fortunes. The majority of micro, small and medium enterprises (MSMEs) have experienced a steep decline in profit margins despite a significant shift to online […]
Read MoreGDP to take centre stage THE main release this week will be the gross domestic product (GDP) data for the fourth quarter of 2020 (Q4’20). Bank Negara is expected to release the data on Thursday. A Bloomberg poll estimates a contraction of 3.6% year-on-year (y-o-y) in Q4’20 from 2.7% in Q3’20. UOB Global Economics & […]
Read MoreJAKARTA (AFP) – Indonesia yesterday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia’s biggest economy. The country’s gross domestic product fell 2.07 per cent in 2020 from a year earlier, the statistics agency said, with household spending, transportation and tourism among the hardest-hit sectors. Yesterday’s […]
Read MoreAFP – Maritime container freight shipping is steaming ahead through the COVID-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts. The Freightos Baltic Global Container Index (FBX), which tracks the cost of container shipping, has almost quadrupled for the China-Europe route since early November to stand at […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep the benchmark interest rate at an all-time low of two percent on Thursday despite the breach of its two to four percent inflation target in January, according to economists. ING Bank senior economist Nicholas Mapa said the Monetary Board is likely to keep its […]
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Thailand
