CNA – Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior Cabinet Minister Luhut Pandjaitan said on his official Instagram account. Palm oil exporters had accumulated large shipment quotas from last year and they now had little incentives to supply the […]
Read MoreThe government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months. The Commerce Ministry yesterday reported headline inflation, gauged by the consumer price index (CPI), rose by 5.02% year-on-year in January, down from 5.89% year-on-year growth in December 2022 due to the […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia or BI forecasted that the country’s halal value chain (HVC) sector will keep rising in 2023. According to the BI Executive Director of the Communication Department Erwin Haryono, the Islamic economy and finance will continue to grow and support national economic recovery, especially amid various global pressures and their impacts on the country. “BI […]
Read MoreDeputy Governor of Vientiane Capital, Mr. Phounkhong Bannavong met with the Thai Permanent Secretary for Commerce, Mr. Keerati Rushchano on his visit to Laos earlier this month, to discuss the possibility of reopening four borders checkpoints connecting Laos’ Vientiane Capital and Thailand’s Nong Khai. During their meeting, Mr. Phounkhong expressed that Thailand should quickly reopen four border […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) for 2022 narrowed to 6.9 per cent from 7.2 per cent recorded in 2021, driven by the manufacturing index (8.2 per cent); electricity index (4.5 per cent); and mining index (2.8 per cent), according to the Statistics Department (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said […]
Read MoreMANILA, Philippines (Updated, 11:35 a.m.) — Inflation unexpectedly got hotter in January as costly utilities during the month overtook expensive food items as the major driver of price growth, dashing hopes that the uptrend would reach its peak soon and would start to ease. Inflation, as measured by the consumer price index, accelerated 8.7% year-on-year in the […]
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