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Cambodia seeks to export rice to Philippines

Cambodia and the Philippines may re-sign the memorandum of understanding (MoU) using the nation-nation mechanism that enables free trade in rice. The subject came up during a three-day Philippines rice market study visit, starting on February 1, of a delegation from the Ministry of Commerce. The Ministry also pitched for exporting rice to the Philippines. […]

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Thai hotels set sights on global growth

Thai hospitality is globally recognised for its unique service standards, which have assisted many homegrown hotel companies in their international expansion over the past few decades. As the hotel industry has started to see a promising recovery post-pandemic, Thai hotel management companies such as Minor International (MINT), Centara Hotels and Resorts, Dusit International and Onyx Hospitality Group have […]

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Malaysia: Industrial production index growth at 6.9% in 2022

PETALING JAYA: Malaysia’s industrial production index (IPI) growth for 2022 narrowed to 6.9% from 7.2% in 2021. The economic indicator which measures overall output of industrial activity was driven by the manufacturing index, 8.2%; electricity index, 4.5%; and the mining index, 2.8%, the Statistics Department said. In December 2022, the IPI grew 3% supported by […]

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Philippines: ‘BSP will need to stay hawkish’

MONETARY authorities will have to continue raising interest rates after inflation spiked to a higher-than-expected 8.7 percent in January, analysts said. The Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board may have to deliver another 50-basis-point (bps) increase next week instead of the 25 bps initially expected, two economists added. This would raise the policy […]

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