MANILA, Philippines — The Philippines is expected to have a more challenging time in hitting its ambitious poverty reduction target as the soaring cost of commodities has resulted in a global food crisis that puts developing economies at a greater risk. In its latest food security update, the Washington-based World Bank said the still elevated […]
Read MoreBENGALURU: Indonesia’s economy likely accelerated last quarter, buoyed by strong exports and private consumption, but a slowdown in China and the threat of a global recession pose significant risks in coming months, a Reuters poll found. With rising global commodity prices, the resource-rich country has been enjoying an export boom. Its trade surplus in 2022’s […]
Read MoreFrom January to May this year, the total value of trade between Laos and Indonesia reached US$22.7 million, with this figure expected to swell significantly by the end of this year. The two countries have seen a 282 percent increase in trade growth from US$16.1 million in 2017 to US$45.5 million in 2021. Indonesian Ambassador […]
Read MorePETALING JAYA: Despite heightened downside risks, economists generally expect domestic manufacturing activity to remain on a steady expansion curve this year. According to Kenanga Research, the local manufacturing sector should stay on a recovery path, driven by positive external trade performance and a gradual pick-up in domestic economic activities. “However, we still expect manufacturing growth […]
Read MoreThe nation has seen food prices remain stubbornly high despite the recent sharp decline in gasoline prices. Petrol prices were adjusted down as of 3 p.m. on August 1 by the Ministry of Industry and Trade and the Ministry Finance, marking the fourth drop in a row and the third significant price decrease. RON 95 […]
Read MoreThe currency of Southeast Asia’s second-largest economy traded against the greenback at 36.08 on Monday, appreciating 1.4% compared to a week prior. The Bangkok Post takes a deep dive into what caused the rebound and the implications for the economy. Q: What forces are driving the rebound? Since the beginning of this year, the baht has […]
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Thailand
