Cambodia has won a lawsuit against the European Commission’s decision to revoke the tariff preferences for the import of rice from Cambodia to the European Union. This is according to a press release received by local news this morning. According to the Cambodian Rice Federation, in early November 2022, the Kingdom of Cambodia won the […]
Read MoreMANILA, Philippines — Credit growth continued to pick up further to hit its fastest pace in almost four years in October amid the country’s stronger-than-expected economic expansion, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said that loans disbursed by universal and commercial banks grew by 13.9 percent in October, faster than […]
Read MoreLONDON, United Kingdom — New York and Singapore are jointly the world’s most expensive cities after inflation soared this year, an annual survey showed Thursday. The pair displaced last year’s number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU). […]
Read MoreEntrepreneurs have flocked to invest in the frozen food segment, with new business registrations rising by 84% in the first nine months, driven by rising domestic and export demand. According to Deputy Commerce Minister Sinit Lertkrai, new frozen food business registrations between January and October tallied 92, up from 42 in the same period last year, […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The BoT’s monetary policy committee voted unanimously to raise the one-day repurchase rate to 1.25% at its final […]
Read MoreThailand’s manufacturing production index (MPI) in October dropped 3.71% from a year earlier, due to weaker exports and refinery maintenance shutdowns, the Industry Ministry said on Wednesday. The figure compares with a forecast rise of 1.2% in factory output for October in a Reuters poll, and after September’s revised 3.34% rise year-on-year. Source: https://www.bangkokpost.com/business/2449732/thai-factory-output-unexpectedly-falls-3-71-y-y-in-oct
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