The government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages. State-run importers cut purchases of LNG from the spot market because of skyrocketing prices and limited availability, according to traders. And while they plan to boost purchases of cheaper alternatives, like diesel and […]
Read MoreThirty local logistics firms – members of the Cambodian Logistics Association – are seeking the possibility of a train service between China and Cambodia connecting Laos and Thailand. The Cambodian delegation of logistics attended a meeting held this week in Laos on a project to discuss high-speed rail links including China, Vietnam, Laos, Thailand and […]
Read MoreMANILA, Philippines — The Philippines and other Asia-Pacific economies reliant on remittances must implement policy reforms and boost digitalization efforts to ensure that money sent from abroad will remain strong and resilient despite the pandemic, according to the Asian Development Bank (ADB). In its latest blog, the ADB said remittances sustained their strong pace in […]
Read MoreThe baht opened at 35.33 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.50. The currency is expected to move in a range between 35.25 and 35.50 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht advanced last night as the dollar declined, but the Thai currency is […]
Read MoreThailand’s economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday. Exports, a key driver of growth, still had momentum despite the impact of Russia’s invasion of Ukraine on the global economy, Danucha Pichayanan, […]
Read MoreCambodia’s rice export prices continue to rise as the global food insecurity crisis continues, pushing supply and demand on producing countries. Chairman of the Board of the Cambodian Rice Federation, Hun Lak, said on June 21 that the value of Cambodia’s rice exports could be expected to increase further due to the impact of the […]
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