Malaysia, the world’s second largest palm oil exporter, has kept crude palm oil export tax for October at 8%, Malaysian Palm Oil Board (MPOB) announced in a notice published on its website on Monday. The country set a reference price for palm oil exports at MYR4,472.46 per tonne in October, up from MYR4,255.52 in September. Malaysia’s palm […]
Read MoreMANILA, Philippines — The country’s external debt breached the $100 billion level after climbing by 4.3 percent to $101.2 billion as of end-June from $97 billion in end-March as the government borrowed more from foreign creditors to augment its COVID war chest, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the […]
Read MoreThe value of exports of garment and accessories from Cambodia rose by 3.3 percent to $5.021 billion in the first eight months of this year, compared with 4.861 billion during the corresponding period last year, according to the statistics from the Ministry of Commerce. The value of apparel product exports accounted for 45 percent of […]
Read MoreVietnam should further diversify its import markets to reduce trade risks in the future. Economist Nguyen Tri Hieu told The Hanoi Times that Vietnam should stay cautious about ensuring long-term trade interest in case China succeeds in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). What is your view on China’s application to join the […]
Read MoreMANILA, Philippines — The government recorded higher excise tax collection from cigarettes in the first seven months of the year, with two Big Tobacco firms paying hefty levies that the state could use to keep the country’s healthcare system running amid the pandemic. In a statement on Monday, the Department of Finance said the Bureau […]
Read MoreThe recent surge in Covid-19 cases in Southeast Asia has throttled ports and locked down plantations and processors, sparking extended disruptions of raw materials such as palm oil, coffee and tin. Restrictions in Malaysia, the world’s second-largest producer of palm oil, have prevented migrant laborers from traveling to plantations, raising prices of the ubiquitous edible […]
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Thailand
