Thailand’s gem and jewellery exports are expected to fare better than expected this year despite increasing challenges, including the slowing economies of key trading partners, uncertain economic prospects, persistently high inflation caused by the energy crisis and the Russia-Ukraine war. According to Sumeth Prasongphongchai, director of the Gem and Jewelry Institute of Thailand (GIT), the […]
Read MoreKUALA LUMPUR: Malaysian crude palm oil prices will remain weak for most of the third quarter of this year, the country’s commodities minister said on Monday, after rival producer Indonesia scrapped its export levy. “This is inevitable in light of stiffer competition from Indonesia – the world’s largest palm oil producer – in its quest […]
Read MoreTwo-way trade between Vietnam and Laos in the first half of 2022 increased by 20.6% year-on-year to 824 million USD, according to the Vietnam Trade Office in Laos. Vientiane (VNA) – Two-way trade between Vietnam and Laos in the first half of 2022 increased by 20.6% year-on-year to 824 million USD, according to the Vietnam Trade […]
Read MoreEconomist at UOB Group Enrico Tanuwidjaja comments on the latest interest rate decision by the Bank Indonesia (BI). Key Takeaways “Bank Indonesia (BI) kept its benchmark rate (7-Day Reverse Repo) unchanged at 3.50% at its Jul MPC meeting.” “BI continue to opt for liquidity normalisation of Rupiah Reserve Requirement (RR) hike to reach 9.0% starting on 1 September 2022 […]
Read MoreMANILA, Philippines — The country’s biofuel consumption is expected to continue to recover this year on the back of economic growth, as well as the increase in ethanol and biodiesel demand, according to the United States Department of Agriculture (USDA). In a report by its Foreign Agricultural Service (FAS), the USDA said ethanol demand is […]
Read MoreHuy Nguyen, vice chairman of the Vietnam Blockchain Association, said Vietnam has become an emerging market for blockchain thanks to its achievement in digital transformation and digital economy. With the boom in blockchain technology and speedy digital transformation, Việt Nam has great potential for blockchain development to compete in the global market, speakers said in […]
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