Cambodia netted more than $348 million from the export of rubber latex and wood in the first nine months of 2022, falling by nine per cent year-on-year due to downward pressure on global demand, especially from China and Europe, the latter of which has seen many of its markets upended by the fallout from armed […]
Read MoreCooking gas prices will remain unchanged until the end of this year, even though world prices for liquefied petroleum gas (LPG) are falling, as authorities seek to shore up the heavily indebted Oil Fuel Fund. The retail price of cooking gas in Greater Bangkok will stay at 408 baht per 15kg cylinder, the Energy Policy Administration […]
Read MoreMALAYSIA’S economy will grow at a slower pace in 2023 compared to this year, Finance Minister Tengku Zafrul Aziz said in a statement on Wednesday (Sep 21). Zafrul cited slowing global growth, rising commodity and food prices, US-China tensions and China’s strict Covid-19 containment measures that were affecting supply chains. Malaysia had earlier forecast its […]
Read MoreThe Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation. The ministry and BoT will discuss the baht’s weakness as the nation needs […]
Read MoreJakarta. The Asian Development Bank, or ADB, the region’s multilateral development bank, has upgraded its economic growth forecasts for Indonesia this year but penciled in a slower growth pace for the next year as the county would likely be impacted by deteriorating global growth. In its Asian Development Outlook 2022 September update, ADB projected the largest economy […]
Read MoreA recent strong influx of FDI to Vietnam has prompted the government to design long-term policies and create a favourable and transparent environment for foreign investors to operate in a long term in the country, according to experts. Statistics from the Ministry of Planning and Investment showed that 35-40% of the total FDI capital injected […]
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