KUALA LUMPUR (Reuters) — Malaysia’s production and exports of palm oil are expected to rise 30% by the end of this year, amid increased demand after neighboring Indonesia banned exports and following the re-entry of plantation workers from abroad, a minister said. Malaysia, the world’s second-largest palm oil producer after Indonesia, stands to benefit from a global […]
Read MoreThai stocks extended losses on Monday as investors worry strong US jobs reports and the prolonged Russia-Ukraine war will drive the Federal Reserve to move with more aggressive and quicker rate hikes to fight inflation. The markets expect the war will keep energy prices high, making it more challenging for central banks globally to control […]
Read MoreGlobal Times – Asean remains China’s largest trade partner, accounting for 14.6 percent of China’s total foreign trade in the first four months of 2022, with the EU and the US ranking second and third, according to the latest customs statistics on Monday. China-Asean trade totalled 1.84 trillion yuan ($274.5 billion) from January to April, up […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has no plans to remove the excise taxes on petroleum products, even as inflation soared to a 40-month high in April. DOF chief economist Gil Beltran said yesterday pump prices would continue to go up as long as the international market faces supply pressure due to geopolitical […]
Read MoreThe National Assembly of Laos has passed a resolution to reduce the excise tax on fuels in order to attempt to avert a fuel crisis in the country. According to the Resolution, dated today, measures to stabilize the fuel price will include a reduction of excise tax collected from the sale of fuels. Excise tax on […]
Read MoreThe Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry’s deputy permanent secretary Theeraj Athanavanich. Mr Theeraj said the fund is in talks with several commercial banks, including the state-run Government Savings Bank and Krungthai Bank, with regards […]
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Thailand
