Governor of the State Bank of Vietnam Nguyen Thi Hong said it is reasonable due to restricted supply according to the country’s policy to restrict gold supply sources with an aim to fight dollarisation and goldisation in the domestic economy At a recent meeting, Hong said according to the country’s policy to restrict gold supply sources […]
Read MorePETALING JAYA: Higher inflationary pressures and geopolitical risks are expected to warrant at least another 25 basis points (bps) hike in Malaysia’s key benchmark interest rate for this year. The overnight policy rate (OPR), which determines the cost of borrowings, has been raised twice this year by 25 bps to 2.25% currently. The move to […]
Read MoreThailand’s last-mile delivery business is expected to grow 10-15% to 98 billion baht in 2022 despite intense competition and rising fuel costs, says Kasikorn Research Center (K-Research). But the growth will be slower than in 2021, which saw a surge of 41%, whipped up by the pandemic-induced lockdowns and a shift in people’s shopping behaviour […]
Read MoreCambodia saw its oil import increase in value in the first half of this year, amid the global increase in crude oil prices following the Russia-Ukraine war. The Kingdom imported $1,910 million worth of oil products in the January-June period of this year, a 25.8 percent increase compared to the same period last year, according […]
Read MoreThailand’s motorcycle industry is being hit by the ongoing global semiconductor shortage, which caused production to fall by 1.26% year-on-year to 1.24 million units during the first half of 2022, says the Federation of Thai Industries (FTI). New registrations of motorcycles in the hybrid electric vehicle (HEV) segment also plunged by 83.4% year-on-year to 191 […]
Read MoreAfter two years of enforcement, the EU – Vietnam Free Trade Agreement (EVFTA) has generated initial results, but rising inflation in the EU and the euro depreciation are affecting Vietnamese firms, requiring urgent solutions to those difficulties. Thanks to the EVFTA that took effect on August 1, 2020, Vietnam’s exports to the EU still rose […]
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Thailand
