JAKARTA : Indonesia Finance Ministry raised its maximum export tax for crude palm oil (CPO) to $288 per tonne for when the government’s reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed on Friday. The new taxes took effect from June 10. Indonesia, the world’s biggest palm oil exporter, […]
Read MoreKUALA LUMPUR: Palm oil industry expert Dorab Mistry expects the price of crude palm oil (CPO) to ease towards end of the year due to high supplies of vegetable oil. UOB Kay Hian (UOBKH) Research, in its latest report, quoted Mistry as saying that CPO prices are expected to weaken to RM4,000 per tonne in […]
Read MoreThe Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI). The inflation rate hike and prolonged global oil price surge, driven by the Russia-Ukraine war, come as consumer purchasing power remains […]
Read MoreKUALA LUMPUR: Malaysia said on Thursday it will seek to stock up on chicken as part of measures to secure domestic supplies and control rising food prices, amid a ban on exports of the poultry. The neighbouring country, which supplies live chickens mainly to Singapore and Thailand, on June 1 halted exports of chickens until […]
Read MoreMANILA, Philippines — The Philippines is on its way to full recovery, as the pace of economic growth is expected to further accelerate in the second quarter of the year, according to outgoing Bangko Sentral ng Pilipinas Governor and incoming Finance Secretary Benjamin Diokno. Diokno, in a speech during the launch of the World Bank’s […]
Read MoreForeign investments are expected to pour into Cambodia after an announcement by US President Joe Biden to allow a 24-month tariff exemption on solar panels that are manufactured in Cambodia and three other Southeast Asian countries. Ministry of Commerce secretary of state Seang Thay told The Post that they were informed of Biden’s announcement to […]
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