SINGAPORE is imposing sanctions on Russia, joining a growing number of countries seeking to slap economic costs on the nuclear superpower for invading Ukraine. “In particular, we will impose export controls on items that can be used directly as weapons in Ukraine to inflict harm or to subjugate the Ukrainians. We will also block certain Russian banks […]
Read MorePETALING JAYA: Soaring oil prices sparked by the Russia-Ukraine war could impact the domestic economy, fanning inflationary pressures and higher cost of living. While rising oil prices would boost the government’s revenue, the higher cost of living would burden the lower income segment and smaller businesses, according to economists. At press time, the international benchmark […]
Read MoreMANILA, Philippines — The Philippines’ current account deficit may swell to above two percent of gross domestic product (GDP) this year due to the widening trade deficit as well as rising global oil prices, especially after Russia started the invasion of Ukraine, according to Moody’s Investors Service and Japanese investment bank Nomura. Moody’s said in […]
Read MorePact between 15 countries in East Asia Pacific Region can boost Cambodia exports by 6.5 percent, says World Bank study Cambodia ranked third among the countries that can benefit the most in real income terms from the Regional Comprehensive Economic Partnership (RCEP) between 15 countries in the East Asia Pacific region, according to a research […]
Read MoreVietnamese pharmaceutical firms have seen share prices increasing sharply as Covid-19 cases spread with tens of thousands of new infections reported daily. The Vietnamese stock market is seeing the strong rise of some shares despite the Russia-Ukraine crisis. Banking, retail, oil and gas, and pharmaceutical company share prices are increasing, which are helping the stock […]
Read MoreHigher inflation and a sluggish economy are looming this year following the Russian invasion of Ukraine, says the Federation of Thai Industries (FTI). The Russian attack on Ukraine drove energy prices higher and led to sanctions from the US and its allies. Thailand is still struggling to recover from the downturn caused by the pandemic, […]
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